The proposed combination of Lloyds TSB and HBOS would create a bank facing 5.7bn (£4.5bn) of write-downs in the second half of this year, the worst in Europe, according to estimates from JPMorgan yesterday.
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Lloyds-HBOS combine faces €5.7bn write-down
The proposed combination of Lloyds TSB and HBOS would create a bank facing �5.7bn (£4.5bn) of write-downs in the second half of this year, the worst in Europe, according to estimates from JPMorgan yesterday.
