Lloyds Banking Group's bill for insurance mis-selling rises

October 28, 2015 7:01 AM

37 0

LONDON Oct 28 Lloyds Banking Group has taken another 500 million pounds ($765 million) charge to compensate customers mis-sold loan insurance, taking its total bill to 13.9 billion pounds, more than double any other bank.

Lloyds, Europe's second-biggest bank by market value, on Wednesday reported an underlying profit of 2 billion pounds in the third-quarter, down from 2.2 billion pounds a year ago. Statutory profit, or pretax profit without one-offs, was 958 million pounds.

Also read: U.S. court dismisses $3 billion suit against Deutsche Bank by Jewish family heirs

Read more

To category page

Loading...