Wednesday, Aug 05, 2009
No sub-prime in the UK ? Yeah right.
BBC News: Lloyds blames HBOS for £4bn loss
Lloyds Banking Group says it has made a loss in the first half of the year, due to mounting bad debts at HBOS, which it took over in January.
Posted by doomwatch @ 09:25 AM (263 views) Add Comment
2 Comments
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1. Gloommonger said...
How can the share price rise so dramatically, up 15%.
Is this because results were better than expected and the loan defaults have peaked?!
I don't think so! Crazy times!
2. tyrellcorporation said...
'Lloyds blames HBOS for £4bn loss'
I blame Gordon Brown!