Lloyds Posts Wider 2011 Loss

Lloyds Banking Group PLC

posted a wider loss in 2011. Lloyds posted a 2011 net loss of 2.78 billion pounds ($4.37 billion), versus a year-ago loss of 320 million pounds. Its net interest income gained to 12.7 billion pounds, from 12.55 billion pounds. However, total income dropped to 26.81 billion pounds, from 44.04 billion pounds. Analysts were expecting a net loss of 2.41 billion pounds. Lloyds shares dropped 1.76% to $2.23 in pre-market trading.