U.S. News

HBOS Full-Year Performance to Beat Market Expectations


HBOS, the British banking group, said Thursday that it expects full-year earnings to exceed market expectations because of growing revenue and tight cost control.

HBOS, parent company of the Bank of Scotland and Halifax, said growth in lending was at the upper end of the anticipated range.

"In 2007, enhanced opportunities for the group will favor a measured increase in the group's targeted asset growth. This growth will be sought from across all markets, the only notable exception being U.K. unsecured lending where we remain cautious in our approach," the company said in a statement to the London Stock Exchange.