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Page last updated at 14:40 GMT, Saturday, 7 March 2009

Lloyds say HBOS a good deal

The Lloyds Banking Group's spokesman Shane O'Riordain maintains that the deal to buy HBOS is a good one, despite having to ask the government to take a controlling stake in the business.

The taxpayer is taking a controlling share of 65% and will insure toxic loans worth £260bn.

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