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by Felix Salmon

Main

Counterparty Risk in CDS Auctions Ethanol's Not Green

Feb 22 2008 12:59PM EST

Lloyds TSB: Not an Insurer

Let me be the second (after Carrick Mollenkamp) to congratulate Eric Daniels of Lloyds TSB on sidestepping the credit crunch and reporting 2007 profits up 17%.

I am a bit confused however why Mr Mollenkamp chose to illustrate his blog entry with this picture, calling it the Lloyds TSB headquarters, when in fact that building is the headquarters of insurer Lloyds of London. Maybe it's because the Lloyds TSB headquarters are much more forgettable.

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