But state-backed banks Lloyds Banking Group and Royal Bank of Scotland both reported losses.
As a result of the crunch, HBOS was taken over by Lloyds Banking Group.
And what does all this mean for the prospects for privatising Lloyds and RBS?
European authorities have ordered Lloyds to sell the branches by the end of November this year.
Lloyds today became the latest bank to say it's on course to meet those targets.
He helped the Standard Chartered Bank repel a hostile takeover bid by British rival Lloyds Bank.
Lloyds must sell 600 branches, covering 4.6% of the entire UK current account market.
Lloyds Bank has apologised for losing a deposit box containing three generations of family heirlooms.
Lloyds is in protracted discussions with the Co-operative Group to sell it around 630 branches.
Lloyds is also exploring a backup option to list the branches as a separate entity.
Lloyds Banking Group has now seen its shares lose nearly half their value in 2011.
People who bought products direct from Lloyds - or another provider - might have a case.
"The figures show a strong increase in services output, " said Trevor Williams of Lloyds TSB.
The link to Lloyds was not working at 0700 GMT, when trading in the shares started.
Through his Kingdom Holding Company, Alwaleed co-owns the Savoy Hotel with Lloyds Banking Group.
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Lloyds blames unscrupulous claims management companies (CMCs) for a sharp increase in fictitious claims.
The real Morse led a sober existence as chairman of Lloyds Bank from 1977 to 1993.
Lloyds TSB was pushed into taking over HBOS in 2008, following a run on its shares.
This later led to Lloyds having to be bailed out and part-nationalised by the government.
All except a very small proportion of customers had now been paid in full, Lloyds said.
The bosses of Lloyds, Barclays, JP Morgan and HSBC appear before them, over four days.
These include more than 600 branches, 185 of them comprising all of Lloyds TSB Scotland.
It said more competition was needed in retail banking, including the sell-off of more Lloyds branches.
An investigation by the Competition Commission would delay the Lloyds bid for six months.
Vickers' Independent Commission on Banking has concluded that more of Lloyds should be sold off.
He is saying that the divestment by Lloyds has to lead to improved competition within banking.
Lloyds will attempt to sell a wider range of products, especially insurance, to its clientele.
As the largest retail bank in the UK, Lloyds is preparing for years of hard grind.
Another sign of resilience is confirmation that Lloyds' lending exposure to all-but-one eurozone economy is tiny.
Within that Lloyds TSB, already the market leader, would increase its share from 22 to 27%.
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