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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
3%
Loss of between £0 and £2 Billion
3%
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
5%
Predictions on this question are temporarily suspended

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

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

 

Predictions (19)

10 weeks ago
bout3fitty predicted Loss of between £10 Billion and £12 Billion (H$1,000 at 20%)
13 weeks ago
robert2 predicted Loss of between £4 Billion and £6 Billion (H$100 at 14%)
13 weeks ago
robert2 predicted Loss of between £8 Billion and £10 Billion (H$250 at 21%)
13 weeks ago
robert2 predicted Loss of between £6 Billion and £8 Billion (H$250 at 21%)
22 weeks ago
grayman predicted Loss of between £2 Billion and £4 Billion (H$100 at 13%)

Comments (1)

  1 scary
Good question.

Biggest mistake they made was buying HBOS, they didn't check their books before doig the deal though
posted 32 weeks ago

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