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Lloyds bill for mis-selling insurance rises to over 11 bln stg

Tue, 28th Oct 2014 07:10

LONDON, Oct 28 (Reuters) - Lloyds Banking Group said on Tuesday it would set aside a further 900 million pounds($1.45 billion) to compensate customers for mis-sold loaninsurance, bringing its total bill so far to over 11 billionpounds.

Lloyds also said it will close 150 branches over the next 3years in response to more customers banking online and would axe9,000 jobs as it automates some support functions.

(1 US dollar = 0.6205 British pound) (Reporting by Matt Scuffham. Editing by Clare Hutchison)

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