Lloyds Posts Loss on PPI Charges
LONDON—Lloyds Banking Group PLC on Friday posted a net loss for 2012 as it set aside extra provisions in the fourth quarter to cover potential claims from people who were wrongly sold insurance products.
The bank, which is 40% owned by the U.K. government, said it made a net loss of £1.43 billion ($2.17 billion) in 2012, compared with a loss of £2.79 billion the previous year. Total income came to £38.90 billion, from ...
Lloyds Posts Loss on PPI Charges
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