Shares worth two billion pounds were slashed down upon yesterday from the value of the Lloyds Banking Group the previous day, by its share holders.

This incident succeeded the unveiling of four decimal three billion pounds worth of bad debts. Most of these debts came in from Ireland as aftershocks from the troubled acquisition of Halifax Bank of Scotland.

Simultaneously, at the same time, about forty one percent of the tax payer owned bank has returned to its profit status of a full year. This has been the first rise in its gain acquisitions, ever since it suffered the first dip, during the banking crisis that it underwent in the year 2008.

Lloyds Banking Group posted a two decimal two billion pounds worth of pre-tax benefits, to be reaped in the year 2010. This was a huge success, when compared to the major loss of about six decimal three billion pounds of the year before.

This loss was mainly because of the impairment charges that it suffered after its Government stimulated taking over of the HBOS, in the year 2009, grew magnanimously twenty four billion pounds.

The HBOS estate had run into most of its problems, owing to their dependence and association on short-term funding. This had drastic effects, especially when the money from the whole sale markets was completely taken over.

Competition concerns are still in the hanging regarding the breaking down of the Lloyds TSB to form the Lloyds Banking Group. However, this conversion was ignored completely by the Labour Government that was reeling under the banking crisis of the time.

One of the major dilemmas that an interested investor is faced with today is that, the more progress that Lloyd Banking Group does as a company, the more competition issues, it is likely to give rise to.

The deal however, bashed up a multi-billion pound hole in the bank that had grown beyond its stature. This can be regarded as a direct result of the dubious lending decisions of HBOS.