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The Week Ahead: Lloyds and HBOS can restore some confidence

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    The Week Ahead: Lloyds and HBOS can restore some confidence

    'Tis the season for banking writedowns, and the UK market will be watching with interest when Lloyds TSB and HBOS update the market this week. Last Thursday, Royal Bank of Scotland was the latest to produce an update, announcing potential losses of "only" £1.5bn, and the stock leapt more than 10 per cent as shareholders breathed a sigh of relief that the damage wasn't heavier.

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