Blank Cheque

Extract from interview between Sky News' Jeff Randall and Sir Victor Blank (Chairman of Lloyds Bank). - 19th January 2009


JR:

Why don't the banks come clean, why are they not telling us what's really going on?

VB:

Well this bank has come clean. We showed twelve months ago exactly what we had got in terms of any kinds of toxic assets.

JR:

Including HBOS?

VB:

We didn't own HBOS then.

JR:

But is everything out there now?

VB:

I believe that everything is out there as far as HBOS is concerned. They've made I think three or four statements over the course of the last year explaining exactly what their financial position is.