Thursday, 21 October 2021

Tag Archives: Lloyds Banking Group

Lloyds Bank profits fall after fresh $669 mn PPI charge

LONDON: Britain’s biggest mortgage lender Lloyds Banking Group posted weaker-than-expected pretax profits, as a further 550 million pound ($668.9 million) provision to meet claims for mis-sold insurance to consumers weighed on earnings. The bank posted pretax profits of 2.9 billion pounds for the first half of the year, below forecasts ...

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Lloyds bank 2018 profit jumps by more than a quarter

LONDON: Britain’s Lloyds Banking Group announced surging 2018 profits on Wednesday on lower mis-selling costs and the “resilient” UK economy – despite looming uncertainty over Brexit. Earnings after taxation, or net profit, soared 27 percent to £3.87 billion ($5.02 billion, 4.43 billion euros) last year, compared with £3.04 billion in ...

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Government reduces stake in Lloyds Banking Group to less than 6%

LONDON: The Government has reduced its stake in Lloyds Banking Group to less than 6%, meaning the taxpayer is no longer the group’s largest shareholder and takes the lender one step closer to being returned to private hands. UK Financial Investments, which manages the Government’s stake in Lloyds, cut its ...

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