LONDON (Reuters) - Lloyds Banking Group took another 1 billion pound hit to compensate UK customers mis-sold loan insurance, taking its charge for the scandal to 5.3 billion pounds and dragging it to a third-quarter loss. Britain's biggest retail bank on Thursday reported a pretax loss of 144 million pounds for the three months to the end of September, compared with a loss of 607 million a year earlier. It said bad debts this year are expected to fall to about 6 billion pounds, about 1.2 billion less than it had expected at the start of the year. ...
Lloyds drops to third-quarter loss after 1 billion pound PPI hit
Thu, 01 Nov 2012 08:09:24 GMT
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