London equities fell as fears about the health of the global financial system intensifted. Lloyds Banking Group unveiled the extent of losses at HBOS but failed to give details on the extent to which it would need to use the government’s asset protection scheme.
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Didier Bonaventure posted a photo:

Je spécule, il ou elle spécule… Opposition ? Quand le verbe (ici, en l’occurrence, le titre de chaque photo) et l’image s’opposent ou se contredisent, qu’en est-il ? Quel choc (s’il en est un) s’ensuit ? Quel effet, cet amalgame produit ? Encore faut-il voir l’image et lire le texte. Encore faut-il être sensible à ce genre de propos. Encore faut-il savoir lire et avoir la chance de voir ce genre de choses sur un écran. Encore faut-il s’arrêter un instant, être interpellé par un tel sujet, en avoir envie.
The bank is still in discussions with the Treasury about its participation in the asset protection scheme as it reported a £10.8bn loss at HBOS and an 80% fall in pre-tax profits at Lloyds, in line with a warning issued earlier this month
You don’t have to be insolvent or in financial difficulties to write off your debt The blame lies with the lender for booking business that it can’t legally enforce - not with individuals for exercising their legal rights Read all about it in this article
More bad news from the UK’s banks is expected, with the Lloyds Banking Group due to post its results for 2008.