Домой Без рубрики Lloyds Bank won in the London court

Lloyds Bank won in the London court

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Lloyds Bank won in the London court on the redemption of government bonds at $3.3 billion.

Lloyds Banking Group won the Supreme court case relating to the repayment of state bonds of the ECN for $3.3 billion
The plaintiffs in the case were investors who bought bonds issued by Lloyds.
The applicants claimed that the Bank bought the securities at a lower price.
Guide financial institutions insisted that the price was right.
The court agreed with the position of the Bank, deciding that Lloyds has the right to redeem the bonds at their original value.
The decision of the court will lead to that investors will receive lower payments and will lose profit.

Source: Reuters.