Comments on: Contingent capital and the black horse’s head Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 By: Casper Wed, 04 Nov 2009 14:23:14 +0000 I am lost, you write about capital, debt and bonds in one breath.

Anyhow, Lloyds is a syndicate of members (similar to an ‘association’), they can do what they want to, as long as they don’t break laws.

Maybe now a Dark Horse ?