Another PPI spanking for Lloyds Banking
The PPI provision reduced reported profit before tax to £811mln
Company
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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The PPI provision reduced reported profit before tax to £811mln
FTSE 100 stocks gave up the 7,000 level on Wednesday as mining stocks dragged the market lower
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Britain's banks had enough on their plates already, but the Brexit vote made things more complicated still
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FTSE 100 shares dug themselves out of a hole to close just softer on Friday after banks recovered from heavy falls on speculative reports that troubled Deutsche Bank's US fine may be reduced
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An early look at some City analyst views on Monday morning
Goldman Sachs downgraded the black horse bank to sell even though it reckons the lender's strategy is essentially sound. Find out why.
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