Hints and tips:
...the restart of the auction for the titles — the deal is a significant win for Lloyds, which managed to recoup one of the largest bad debts still on its balance sheet that it took on with the takeover of HBOS...
...“[The HBOS loan] was done with very little ability for the bank to enforce....
...Cummings’ largesse helped make the Barclay family the largest single-client exposure among the roughly £200bn of problematic HBOS loans inherited by Lloyds in 2008....
...One thing to start: Warner Bros Discovery and Paramount Global are in early talks to merge, in a media deal that would combine the owner of HBO and CNN with the studio behind the Mission Impossible films...
...This is a longstanding issue between the family and LBG over a legacy HBOS loan. The banker has shown forbearance for a number of years but has finally had enough.”...
...So in orchestrating the rescue has the government learnt the lessons of Lloyds-HBOS? In some ways, clearly yes....
...year, Reddit set up its first in-house creative agency called KarmaLab and launched a new ad product that can be embedded within its conversation threads after testing it with 600 advertisers, including HBO...
...A related police investigation into a fraud at the HBOS Reading branch led to the conviction and jailing of six people....
...The family loans were acquired by Lloyds with the takeover of ailing lender HBOS in 2008, and have since been written down as bad debts....
...Blame Gordon Brown, the prime minister who strong-armed Lloyds into absorbing HBOS — and billions of losses — during the financial crisis....
...The lender finally ran out of patience on loans, inherited through its acquisition of HBOS in 2008, that had been left to grow over the years as interest went unpaid....
...During the year it added 44 new merchant customers, including McAfee, HBO, Paramount, NFL and Duolingo....
...Our FT colleagues have reported that the debt at this holding company — which Lloyds assumed with the takeover of ailing lender HBOS in 2008 — has ballooned to nearly £1bn....
...In a statement responding to Oasis’s letter, TRG, which has been run by former HBOS chief executive Andy Hornby since 2019, said its trading performance had been “strong” when compared to the wider UK sector...
...Chief executive Andy Hornby, who previously led HBOS through its near-collapse during the 2008 financial crisis, said the company was making “good progress” and “decisive management actions”, including hedging...
...The UK financial services sector had suffered from an additional longer-term discount, he said, caused by large fines — such as the £790mn in charges Lloyds took last year relating to historical fraud at HBOS...
...Last week Lloyds Banking Group decided not to adjust awards to former boss António Horta-Osório over his handling of compensation for the HBOS Reading scandal, after the bank took a further provision last...
...His continued presence at the company raised eyebrows given the scale of the rescue — it was the UK’s biggest taxpayer bailout of a company since government interventions in Royal Bank of Scotland and HBOS...
...These included £600mn in charges relating to historical fraud at HBOS, which is owned by Lloyds, and contributed to an 8 per cent fall in the bank’s share price on Thursday morning....
...These results follow a disappointing fourth quarter, weighed down by charges related to historical fraud at HBOS, now owned by Lloyds....
...The retired basketball legend is the subject of not one but two current prestige streaming programmes (a traditional docuseries on Apple+ and an HBO drama on the 1980s Los Angeles Lakers, the perfect dramedy...
...That happened most dramatically when a teetering HBOS was rescued by Lloyds with government encouragement and an antitrust waiver granted on crisis grounds....
...The fraudulent trading, corruption and money laundering resulted in HBOS being writing off at least £245m in loans. Sources estimated that the fraud cost HBOS as much as £1bn....
...I’m sporting two smartwatches on my left wrist, an activity tracker on my right, and one of my fingers is adorned with the same smart ring worn by Kendall Roy, the spoiled wannabe tycoon on HBO’s Succession...
...There is added piquancy given Lloyds’ ruinous 2009 acquisition of HBOS, which incurred heavy writedowns in its directly owned residential land and housebuilding operations in the crisis....
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