Lloyds Banking Group returns to profit‎

Lloyds Banking Group revealed today:

"In the first quarter of 2010 Llloyds Banking Group returned to profitability on a combined businesses basis due mainly to a significant slowing of impairments in the wholesale business..."

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Banks only partly to blame, claims RBS chief

Stephen Hester group chief executive of the Royal Bank of Scotland told the Future of Banking Commission:

"We need to develop this in the context of a systematic crisis, when all banks could go bust, as they exist only on confidence. The question is how to let a bank go bust while allowing its functions to continue..."

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