Lloyds' problems stem from its hastily consummated rescue-takeover of Halifax/Bank of Scotland in January. "The integration of HBOS is proceeding well and cost synergies are coming through faster than expected" said Jonathan Jackson, head of equities at Killik&Co. , noting that Lloyds expects full-year savings of about 750 million pounds, up 50 million pounds from previous guidance.
Full Article at KIVITV.com