Partially nationalized Lloyds Banking Group unveiled a 10 billion pound ($14.28 billion) loss for 2008 and said it had not finalized a plan to put billions of pounds of assets into a British government-backed insurance scheme.
Lloyds said talks with the British government on an asset insurance scheme were "well advanced" and Chief Executive Eric Daniels [...]
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Lloyds Banking Group, which is 43 percent owned by the British government, reported a half-year loss of 7.1 billion pounds ($12 billion) on Wednesday as bad loans rose to a record high. Read Post
British banking group Lloyds reported profits of 1.54 billion pounds (2.39 billion dollars) for the first quarter. ||| London - British banking group Lloyds on Tuesday reported profits of 1.54 billion pounds (2.39 billion dollars) f... Read Post
Lloyds Banking Group, the U.K.'s biggest mortgage lender, said for the first time it may exit the government program to insure 260 billion pounds ($424 billion) of its risky assets, Bloomberg News reported. Read Post