Lloyds confirms $15.5 billion HBOS loss

British bank Lloyds has announced that HBOS, the rival it took over last year, made a £10.8 billion ($15.5 billion) pre-tax loss for 2008. Lloyds itself posted an 80 percent plunge in pre-tax profit to £807 million ($1.1 billion), which was in line with figures released in a trading update earlier this month.

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