COMPANIES A Lloyds Banking Group spokesman told the FT:
Emergency Liquidity Assistance was provided back in 2008 to HBOS to address its temporary liquidity problems. It was repaid in full immediately before the acquisition of HBOS by Lloyds TSB on 16 Jan 2009. Lloyds Banking Group’s funding position is improving and, subject to shareholder approval, the Group’s financial position will be further strengthened by its capital raising proposals.
