Yesterday, the Lloyds HBOS group, Britain's biggest mortgage lender, warned the markets that for the year 2008, it was likely to make a 10 billion pound sterling loss. The loss was largely due to its subsidiary Halifax-Royal Bank of Scotland group, which had had its fingers badly burnt in the subprime market. Thus, Lloyds, a respectable, typically solid British bank, had actually made a profit of just over a billion pounds in profit, but had been dragged down by the massive 11 billion pound loss suffered by HBOS.

Here are the corporate losses by some of the leading banks and automotives in 2008. The sums are dollar equivalents.

Bank Losses

Royal Bank of Scotland- 41 billion
UBS- 22 billion
Citigroup- 19 billion
BoA-Merrill Lynch-15 billion
Lloyds-HBOS- 14 billion

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