Lloyds Banking Group is set to come under fire at today's annual meeting in Glasgow from investors angry at its decision to take over the troubled HBOS and to tap them for a further £4 billion to replace part of the Government's bailout package, reports The Times .
The bank, which is 43 per cent owned by the state, will tumble into the red this year after the acquisition of HBOS, which made losses of almost £11 billion last year after writing off bad loans. The bank has about 2.8 million private investors who have seen the value of Lloyds shares lose more than three quarters of their value over the past 12 months. Full Story...
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