U.K. Banks Are Short of Capital, Analyst Says

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Aug. 4 (Bloomberg) -- James Ferguson, head of strategy at Arbuthnot Securities Ltd., discusses Lloyds Banking Group Plc's first-half net loss of 2.31 billion pounds ($3.78 billion) reported today. Ferguson, speaking with Owen Thomas on Bloomberg Television's "Countdown," also talks about Rio Tinto Group's record first-half profit.