Lloyds shares jump despite 26% drop in pre-tax profit

Today shares in the bank Lloyds Banking Group (LSE: LLOY) jumped up about 3% despite profits plunging. There was yet another tranche of money, £2.5bn, set aside by the bank to cover PPI payments – although these are now drawing to an end. The bank said it had reached a settlement with the Official Receiver... Continue Reading →

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