Lloyds reports biggest half-year profit in eight years but shares drop as PPI storm rages on
Lloyds has set aside a further £700mln for payment protection insurance claims and is still reviewing compensation for victims of the HBOS Reading fraud
Company
Lloyds Banking Group PLC
LON:LLOY
Lloyds Banking Group has many household names like Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Lloyds Banking Group is a leading UK based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers. The Group’s main business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision. The Group operates the UK’s largest retail bank and has a large and diversified customer base.
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Archive
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It has taken years, but confidence seems to have returned fully to the bank sector.
Lloyds in talks to lease new London office as part of cost-cutting plan
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Investments and investor services
FTSE 100 drifts off highs as US stocks make weak start
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Lloyds misses deadline for compensating HBOS Reading fraud victims
Lloyds is offering all the victims of the HBOS Reading fraud £35,000 each to cover bills and expenses
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Barclays own brokerage said the Bank of England’s concerns on consumer credit were not particularly negative
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The consumer credit cycle buffer rises to 0.5% from 0% currently and will likely be 1% by the end of next year
Tougher regulation spells headache for Lloyds Banking and Barclays says Goldman Sachs
It is in mortgage risks assessment that the most immediate impact may be felt