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

October 28, 2015 7:01 AM

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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.

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