Lloyds Clowning About with New Loan Notes

Lloyds Banking Groups’s whizzy new financial instruments, CoCo notes are creating a bit of a stir.
The bank announced that it had flogged ￡7.5bn of them, before most of us even got the chance to understand what they really are. Haven’t we been here before? Still, they have at least gained a nickname.

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  2012-02-10 17:30

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