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Lloyds Loses $14 Billion and Works on Asset Plan

Partially nationalized Lloyds Banking Group unveiled a 10 billion pound ($14.28 billion) loss for 2008 and said it had not finalized a plan to put billions of pounds of assets into a British government-backed insurance scheme. Lloyds said talks with the British government on an asset insurance scheme were "well advanced" and Chief Executive Eric Daniels [...]
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