Banking group sets aside £350m for mis-selling compensation and £100m for victims of HBOS Reading fraudProfits at Lloyds Banking Group more than doubled in the first three months of the year,despite another hit for payment protection insurance mis-selling and the cost of compensating customers for fraud in the HBOS Reading department.
The bank, which is Britain’s largest mortgage lender, and shrugged off the uncertainty created by Brexit and what António Horta-Osório,chief executive, described as a “challenging” operating environment. Related: Lloyds appoints ex-high court judge to review handling of HBOS fraud Continue reading...
Source: theguardian.com