Lloyds confirms plans for rights issue

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Lloyds confirms plans for rights issue

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10-29-2009, 11:33 PM

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Lloyds confirms plans for rights issue

Lloyds Banking Group has today confirmed it is considering a rights issue, in order to repair its balance sheet which was battered following the takeover of rival HBOS, as well as avoiding participating in the Government’s Asset Protection Scheme (APS). There has been speculation that the bank, which is 43% owned by the taxpayer, has been [...]

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