Mis-sold loan insurance costs Lloyds another 1 billion pound

By Matt Scuffham and Steve Slater

LONDON |
Thu Nov 1, 2012 11:50am GMT

LONDON (Reuters) – Lloyds Banking Group took another 1 billion bruise ($1.6 billion) strike to recompense business mis-sold loan insurance, holding a assign for a liaison to 5.3 billion and boring it to a third-quarter loss.

Britain’s biggest sell bank had already set aside 4.3 billion pounds to repay business poorly sole remuneration word word (PPI), distant aloft than rivals as it had a biggest share of a PPI market.

Lloyds, that blames claims government companies for exacerbating a problem by submitting fake claims, pronounced it had paid out or

Read full article: http://www.telegraph.co.uk/news/uknews/crime/jimmy-savile/9628228/Jimmy-Savile-George-Entwistle-heckled-by-BBC-reporters-after-brutal-grilling-from-MPs.html

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Source:
http://www.news.ezonearticle.com/2012/11/01/mis-sold-loan-insurance-costs-lloyds-another-1-billion-pound/