Monthly Archives July 2012

LIBOR Scandal Holds Key to £24 Billion Llyods TSB Shareholder Case

Interesting news article suggests: a low borrowing rate gave false impression of HBOS solvency Angry Lloyds shareholders say the Libor scandal is more proof they were mislead into voting to take over HBOS. They have instructed lawyers to incorporate in their claim against Lloyds TSB directors the allegation that they knew that HBOS’s real interest rates were not being quoted at the very time that the directors of Lloyds TSB were recommending a merger with the stricken bank. Lloyds Action Now (LAN) has been campaigning for the past three years for compensation for the 800,000 private shareholders who lost up
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