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Shareholders have right to be angry

The shocks keep coming. As the City reels from the enormity of HBOS’ losses and the subsequent market reaction that sent Lloyds Banking Group’s shares tumbling surely shareholders are entitled to question what happened to due diligence.

Northern Rock could offer 90% LTV

Northern Rock is to boost its mortgage lending, with up to £14bn in new loans by 2011, a move which could see it return to the 90% LTV market.

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