The secret documents are due to be used by a group of investors in Lloyds who are suing the bank over its acquisition of HBOS in 2008 Andrew Matthews/PAAn attempt by the government to keep secret documents about the financial crisis during the £600 million lawsuit over Lloyds’ acquisition of HBOS has been thwarted. In a hearing on the eve of the trial, the judge refused a request by the Department for Business, Energy and Industrial Strategy to suppress full publication of documents that contain the views of officials from the Treasury, Bank of England and Financial Services Authority compiled at the height of the crisis in 2008. Mr Justice Norris rejected the department’s argument that the documents remained sensitive nearly ten years later and could impede future attempts to manage financial stability. The documents are due to be used by a group of nearly 6,000 investors in Lloyds who are suing the…

Source: The Times October 17, 2017 22:52 UTC