The part-nationalised Lloyds Banking Group (LBG) has reported losses for 2009 in excess of £6.3 billion today.Its debts have been attributed to the acquisition of the financially burdened HBOS in 2008, which created £24 billion in bad equity for the company, due to the high number of commercial property loans HBOS granted before the economic crash.Today's announcement may act as little comfort to UK taxpayers, who own a 42 per cent stake in the bank following a government bailout during the HBOS merger with the previous named Lloyds TSB. LBG's huge losses come after it emerged yesterday that the Royal Bank of Scotland, which is 84 per cent taxpayer-owned, had reported a £3.6 billion shortfall for 2009.But despite the financial situation of the bank, RBS is to administer over £1.3 million in bonus payouts to its highest performers, a move which has been criticised by financial journalists and economists.Meanwhile, independent bank Barclays netted £11.6 billion profits last year, an increase of 92 per cent compared to the previous year.If you would like to make a credit card charges claim to get back all your late payment / over limit fees in the last six years from Lloyds then fill out the Quick Claim or call Belmont Thornton on 0845 526 0000.
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273
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* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.