Great news for Lloyds in terms of grabbing market share. Lets just hope they haven't bought toxic assets.
Also shows the FSA, the Bank of England and the rest in proactive mode.
But further highlights just how nightmarish this banking crisis is. Apparently HBOs was leaking deposits on a massive scale. It had to be sold before the leak became a flood. Before the middle classes hit the tinternet and started moving there money.
The stock market has still tanked and this is not over.
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