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Written question asked by Julian Sturdy (Conservative) on Thursday, 16 December 2010, in the House of Commons. It was due for an answer on Monday, 20 December 2010. It was answered by Mark Hoban (Conservative) on Monday, 17 January 2011 on behalf of the Treasury.


Lloyds TSB: Compensation

Question
To ask the Chancellor of the Exchequer whether his Department plans to take steps to address Lloyds TSB shareholders' compensation claims arising from the HBOS/Lloyds TSB merger.
Answer

Treasury has received a letter written on behalf of certain shareholders in Lloyds, alleging that the circular sent out by Lloyds to its shareholders in advance of the HBOS acquisition was misleading, and that Treasury is responsible for that. Treasury has replied, strongly refuting the allegation.


Secondary information

Type
Written question
Reference
32128; 521 c575W
Session
2010-12
Subjects
Compensation Lloyds TSB Lloyds Banking Group
Link
View this Written question on www.publications.parliament.uk