Lloyds shareholders lose legal fight over HBOS

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A group of Lloyds shareholders have lost a multi-million-pound action against the bank over its purchase of rival HBOS in 2009.The 5,803 former Lloyds TSB shareholders claim they were "mugged" when the bank took over HBOS, which was laden with bad mortgages. Lloyds was forced to accept a £20bn state bailout and the government continued to own a stake until 2017.Lloyds said it welcomed the decision as the best for shareholders as a whole.

Source: https://www.bbc.com/news/business-50431621

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