Lloyds shares plunge following HBOS losses

Lloyds Banking Group saw its share price tumbled Friday after reporting worse-than-expected profits for its subsidiary HBOS. Shares for the UK-based banking group tumbled almost 35 per cent by the close of London trading Friday, Reuters.com reported. The Lloyds Banking Group, formed following the merger between HBOS and Lloyds TSB, began trading for the first time last month

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