Lloyds pressed over 'toxic' contingent assets

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UK - Members of Lloyds TSB Pension Funds are demanding to know whether the £4bn ($6.25bn) partnership created to plug the schemes' deficits was used to offload "toxic assets".

The Lloyds Trade Union - which represents 40,000 Lloyds staff - is concerned the bank is using the partnership to shift assets it cannot sell off its own balance sheet. It said they could be worth a...

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