The former chief executive of Lloyds Banking Group was told the day before his bank made the crisis-era acquisition of HBOS that the troubled rival would be nationalised if a deal did not go ahead, a London court heard today.
Eric Daniels was giving evidence in the UK High Court in a £550m case brought against Lloyds and five of its former directors — including Daniels — by a group of 5,800 shareholders.
