Politiciens et élections, Votez librement et participez à la démocratie, Votez pour le changement, Référendum en ligne
Alistair Darling

Darling Considering Ways to Support Lloyds After Shares Plun

Alistair Darling 57%

button ElectionsMeter.com

Chancellor of the Exchequer Alistair Darling said the U.K. is considering ways to support to Lloyds Banking Group Plc, whose share price dropped 32 percent yesterday. 

“There are a range of options open to us,” Darling said on the BBC’s Newsnight program when asked whether he would pledge government funds to Lloyds. “We’ve got to work with banks to ensure that bad debts are identified and revealed. If we don’t get these bad assets out of the system, banks will not lend.” 

Lloyds fell after saying it expects HBOS Plc, the U.K. lender it took over last month, to report a pretax loss of about 10 billion pounds ($14.5 billion). The U.K. government owns 43 percent of the company after overseeing a bailout last year that brought the two lenders together. 

HBOS posted about 7 billion pounds of losses on loans to companies in 2008 as Lloyds applied “more conservative” accounting rules, the bank said yesterday. The loan impairments are more than double HBOS’s own forecast in December. 

Lloyds Chief Executive Officer Eric Daniels said this week the bank would have done “three to five times” more due diligence on the government-brokered takeover had it not been for time pressures. Lloyds agreed to buy HBOS as the U.K.’s b. ggest mortgage lender came close to collapse when credit markets froze after Lehman Brothers Holdings Inc.’s bankruptcy.

...

By Mark Deen and Kevin Crowley

See Bloomberg


spetr -
Marquerno spam

ElectionsMeter n'assume aucune responsabilité pour le contenu des arguments. S'il vous plaît contactez l'utilisateur ou l'auteur des commentaires. Chaque argument sur ElectionsMeter doit contenir le nom de l'auteur et le référence à la source originale du texte. Les utilisateurs devraient être conscients de la loi sur la protection du droit d'auteur. S'il vous plaît lire policy du site.

Retour au sondage: > United Kingdom > Politiciens > Alistair Darling
 
load menu