**Lloyds Banking Group has reported six month results, which have been hit by write-downs, mainly from the assets of HBOS, which it bought on 16 January.**The group reported a pro-forma loss of of £4.0bn, saying that the pre-tax profit of £6bn for the period was misleading because of the takeover.
The group reduced the value of its assets by £13.4bn, with 80% of the cut coming from HBOS assets.
Lloyds Banking Group is 43% owned by taxpayers.