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Lloyds TSB closes Hong Kong representative office, disbands team

After declaring a £3.5 billion loss for 2011, Lloyds TSB has shut down its representative office in Hong Kong and disbanded the team that was responsible for handling offshore accounts. The bank, which was upgraded from a restricted license bank to a fully licensed bank in March 2010 by the HKMA, continues to offer onshore products and services through its…

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