LOSSES on bad loans made by the former Halifax Bank of Scotland contributed to a £3.5 billion pre-tax loss at Lloyds Banking Group for last year as a warning that the economy could hamper its recovery sent the part-nationalised institution's shares tumbling.
Meanwhile, reports surfaced that start-up bank NBNK, an unsuccessful bidder for Lloyds TSB Scotland, is again mulling a bid for Glasgow-based Clydesdale Bank.
Part-nationalised Lloyds admitted yesterday it has spent £3.8bn on integration costs after its now infamous 2008 rescue takeover of HBOS.
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