“Anthony Hilton: Lloyds litigants haven’t gone… they’re biding their time ” - Evening Standard, 13 O

"Anthony Hilton: Lloyds litigants haven’t gone… they’re biding their time " - Evening Standard, 13 October 2013

The thing missing from Lloyds Bank’s results yesterday was any more news about the litigation from disgruntled shareholders who are suing the company over its disastrous takeover of HBOS. What the results did underline once again, however, was just how disastrous that deal was: another £750 million in the provision for PPI mis-selling, bringing it to £8 billion at least four-fifths of which was inherited from HBOS, and £1.4 billion of costs to separate the 632 branches (which are being re-branded as TSB) as a condition of the state aid which Lloyds plus HBOS needed to stay afloat. ... [click above link to read full article]