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Following the recent explosive revelations in the media and Parliament, which totally destroyed the LLOYDS BANK cover-up and prove LLOYDS BANK executives have been lying for over a decade, its become apparent that there’s a mass curiosity to understand what was covered-up and why?

 

 

So today we publish a simple factual explanation

 THE FACTS:

 

 HBOS was in severe financial difficulties BEFORE the great financial crash of 2007/8.

 

 In the early 2000’s all of the new ‘Super Banks’ including RBS and Lloyds/TSB were struggling and desperate to boost their revenues.

 

 

They could not extract additional revenue from their tightly regulated/protected retail customers nor could they fleece their large corporate clients who would just take their money elsewhere in the world.

 

                         So they turned on their own business customers!

 

 The great ‘SME CULL’ works like this:

i) Banks target small-medium sized UK businesses whose owners have strong cash flow and assets.

ii) Initially the banks offer attractive terms and even encourage businesses to borrow more.

iii) These facilities are secured by assets such as the commercial premises, owner’s homes and directors’ guarantees.

iv) The banks then slowly increase interest rates, introduce additional fees and ask for increased security. Essentially bleeding the business of money

v) Then at a time of the bank’s choosing they demand a major reduction in the borrowing or in most cases return of the entire facility.Often they block the sale of assets by the owners in order to guarantee they can’t be free of the bank’s clutches.

vi) Very few businesses can suddenly respond to such unreasonable demands, which are actually a contravention of the Banking Code, and so they are pushed into the bank’s clutches. Often the assets are then sold undervalue to the bank’s partners in the scam.

 

That’s how all the major UK banks operate their ‘Business Support Units’-bleeding business customers of their cash life-blood and then killing off the livelihoods and in many cases the lives of their victims.

 

 

So that’s the context for a decision made by a small number of corrupt Lloyds bankers in 2008 and which has subsequently adversely impacted upon, and in many cases, destroyed the livelihoods of millions of honest hardworking British citizens.

SO, WHY DID LLOYDS BANK DECIDE ON THE HBOS COVER-UP?

 

 

WHY DIDN’T LLOYDS JUST SAY THEY’D DISCOVERED WRONGDOING BY THEIR NEW ACQUISITION HBOS AND SUCH CONDUCT WOULD NOT BE TOLERATED IN THE NEW BANKING GROUP?

 

 

THIS IS WHY LLOYDS CORRUPT BANKSTERS OPTED FOR A COVER-UP-

 

1- In 2007/8 Lloyds Bank’s lawyers, accountants, City advisers and more significantly the Treasury and No10 discovered the HBOS criminality was not limited to 2 ‘rogue bankers’ in a Reading office. Wrongdoing and criminal behavior was systemic throughout the HBOS region known as London & South East and was orchestrated by the senior management with the full approval of the CEO and Chairman.

2- When the crash came the Government, which of course had been forced to rescue RBS, were desperate to avoid pumping more taxpayers money into another failed bank and persuaded Lloyds/TSB to acquire HBOS.

3-Lloyds Bank could hardly highlight the extent of the criminality revealed in the due diligence process for one very simple reason:

 

Lloyds Bank were doing exactly the same thing!

 

 

 

So 2 profoundly unethical, untrustworthy, largely criminal organizations came together and formed Lloyds Banking Group and it was business as usual as the SME CULL continues to the present day.

 

Its been estimated that in the last 10 years Lloyds Bank alone has destroyed over 100,000 UK small-medium sized businesses.

 

Yes, nothing has changed.   Even the shocking revelations about RBS’s notorious GRG, which destroyed over 90% of its SME customers, have changed nothing.

 

If you’re a small to medium sized business in the UK the corrupt bankers have you in their sights.

You learnt the truth from the Horse’s…….