Friday, 13 February 2009

HBOS will post another huge loss

Did HBOS take on an excessive amount of risk? Well, that question was decisively answered today. Lloyds, the new owners, report that HBOS will take an eye-watering £10 billion pre-tax loss for 2008.

At one point today, Lloyds shares were down to 54p. They have since recovered slightly. However, you have to feel sorry for Lloyds shareholders. Since August 2007, the share price has fallen 88 percent.

5 comments:

Roy said...

Lloyds takeover of HBOS - it wasn't the smartest business decision ever taken.

Josh said...

What a moneyloser.....

London estate agent said...

Lloyds are days away from a complete government takeover.

London estate agent said...

quick question; HBOS would be bust without the Lloyds buy-up, that is right isn't it?

Anonymous said...

And how much of this loss will end up with the Taxpayer?