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Lloyds barred from quitting toxic scheme by City regulator

The UK Financial Services Authority has barred Lloyds Banking Group from withdrawing from the Government's insurance scheme for toxic assets after carrying out new stress tests on the lender, The Times has reported.

According to the newspaper, the financial regulator has completed its new stress test on Lloyds, the UK state-backed bank which is 70% owned by the Government, and delivered its findings this week.

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