Lloyds supremo tells of shock at HBOS losses

The boss of the bank which took over HBOS has revealed the speed at which it racked up huge losses came as a surprise.

Lloyds supremo tells of shock at HBOS losses

The boss of the bank which took over HBOS has revealed the speed at which it racked up huge losses came as a surprise.

Victor Blank, who is chairman of Lloyds Banking Group, said he expected losses at HBOS, but they were at “the worst end of expectations”.

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