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Lloyds TSB in cautious mood

Eric Daniels, the chief executive of Lloyds TSB, and the rest of banking giant's board of directors yesterday could hardly contain their self-satisfaction amid the global credit crunch that had rocked almost everyone's world but theirs.

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MARK SMITH, Deputy Business Editor

Eric Daniels, the chief executive of Lloyds TSB, and the rest of banking giant's board of directors yesterday could hardly contain their self-satisfaction amid the global credit crunch that had rocked almost everyone's world but theirs.