What will be the full yearly loss for Lloyds Banking Group for 2009-2010

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Background:

Background: The enlarged Lloyds Banking Group, 43% owned by the Britih Taxpayer, has recently announced 1/2 yearly losses for 2009 of £4 Billion, compared wih other banks like HSBC and Barclays who both made profits of approximately £3 Billion for the same 6 months. Lloyds have attributed this loss to bad debts, most of which it acquired when it bought HBOS, which when added to Lloyds own bad debts could total up to £13 Billion for the year.

Last year, Lloyds reported a 1/2 year profit of approximately £2.8 Billion, showing that it is a robust company with an ability to make money, and on its own has not been too exposed to toxic assets.

Question will close at the end of January 2010

Settlement details:As reported by a major mainstream news source.

Forecast history %

Posts a full yearly profit

Loss of between £0 and £2 Billion

Loss of between £2 Billion and £4 Billion

10%

Loss of between £4 Billion and £6 Billion

27%

Loss of between £6 Billion and £8 Billion

17%

Loss of between £8 Billion and £10 Billion

13%

Loss of between £10 Billion and £12 Billion

22%

Loss of over £12 Billion

Predictions on this question are temporarily suspended

Activity: H$3,623
Predictions: 19
Comments: 1

Suspend date: Sun 31st Jan 3:59pm PST

Initial likelihoods: Posts a full yearly profit: 5%, Loss of between £0 and £2 Billion: 5%, Loss of between £2 Billion and £4 Billion: 10%, Loss of between £4 Billion and £6 Billion: 15%, Loss of between £6 Billion and £8 Billion: 20%, Loss of between £8 Billion and £10 Billion: 20%, Loss of between £10 Billion and £12 Billion: 15%, Loss of over £12 Billion: 10%

Action history:

Created Thu 6th Aug 2009 5:23am PST by

grayman Level 9, Expert (H$9,974)

Suspended Sun 31st Jan 3:59pm PST : Suspend date reached

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