Lloyds profits slashed by 80%

Lloyds Banking Group today said it expected to be loss-making this year following its takeover of ailing rival HBOS.

Lloyds profits slashed by 80%
Fri, 27 Feb, 2009 - 07:09

Lloyds Banking Group today said it expected to be loss-making this year following its takeover of ailing rival HBOS.

The former Lloyds TSB business saw profits slashed 80% to £807m (€905m) in 2008 compared with £4bn (€4.4bn) in 2007.

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