Friday preview: Lloyds Banking to dip pen in red ink

Thursday's results from fallen banking titan Royal Bank of Scotland showed the difficulties of deciding which numbers to focus on when it comes to massive banking operations, and it is not likely to be much easier when another part-nationalised lender, Lloyds, publishes its figures on Friday.

Thursday's results from fallen banking titan Royal Bank of Scotland showed the difficulties of deciding which numbers to focus on when it comes to massive banking operations, and it is not likely to be much easier when another part-nationalised lender, Lloyds, publishes its figures on Friday.

For what it is worth, the bank is tipped by the communual voice of the investment analyst community to report a full year pre-tax loss of £355.7m on revenue of £20.6bn, but how "pre-tax loss" is defined is open to interpretation, as evidenced by commentary from Nic Clarke at broker Charles Stanley.

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