Big four banks reveal gaping wounds from reckless lending

The Times
"Britain’s top four banks laid bare this week the huge damage inflicted by the reckless lending that led to the credit crisis — but offered hope that the worst of the losses were behind them.The banks reported combined losses of £34 billion, but HSBC and Barclays, which did not take taxpayers’ money, disclosed healthy profits. Royal Bank of Scotland and Lloyds Banking group, the banks bailed out by the taxpayer, reported losses of £4 billion."