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HBOS loans force further Lloyds losses

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HBOS loans force further Lloyds losses

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Results from European banks continue to be mixed.

Lloyds, Britain’s biggest high street bank, slumped to a 4.7 billion euro loss in the first half of the year. Earnings were battered by a surge in bad debts from HBOS, the beleaguered rival that Lloyds took over in January. But Lloyds believes it is through the worst and said saying that the problem with HBOS loans not being repaid peaked in the first half.