Lloyds moves to calm worry on financing - Business - Evening Standard
       

Lloyds moves to calm worry on financing

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19 January 2009

The new Lloyds Banking Group sought to calm investors, saying its position has not significantly worsened since before Christmas and its core financing ratios have not fallen as some had feared.

Shares in the enlarged bank produced by the forced merger of Lloyds TSB and the Halifax banking group HBOS, began trading on the stock market today.

In a trading update, it said the Lloyds side had been trading satisfactorily and that the troubled trading position at HBOS had not changed significantly.

It said its core tier one capital ratio stands at between 6% and 7% - the higher the ratio the financially stronger a bank is.

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