BGN Entrepreneur

Pressure for senior heads to roll at Lloyds Banking Group intensified after the group warned that losses on its corporate loan book would spiral 50% higher to £13.5 billion in 2009.
Shares in the bank, 43% owned by the Government, fell by 14% to 97p on news of the blow-out in bad debts, raising fresh questions about the wisdom of the bank’s controversial acquisition of HBOS, which was responsible for most of the problem loans. Meanwhile, the senior executives have been put in the firing line as a result.

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