Lloyds Banking Group Takes New 600m PPI Hit

Lloyds Banking Group has revealed it has set aside another 600m provision for mis-selling of payment protection insurance (PPI).

The announcement comes as it released its half-year results, which showed an underlying profit rise of 32% to 3.8bn.

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31 July 2014 | 6:27 am – Source: orange.co.uk

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