Less Ads, More Data, More Tools Register for FREE

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)

Related Shares

More News
13 Jun 2024 10:45

Britain's Lloyds Bank consolidates London offices

LONDON, June 13 (Reuters) - Lloyds Banking Group will leave one of its London office sites as part of a consolidation into three remaining premises,...

12 Jun 2024 12:08

LONDON MARKET MIDDAY: London up ahead of US Fed and inflation data

(Alliance News) - Stock prices in London were higher at midday Wednesday, ahead of an interest rate decision and inflation data from the US.

10 Jun 2024 15:36

Britain's payments industry calls for delay and cut in scam compensation rules

LONDON, June 10 (Reuters) - Britain's payments sector on Monday called on its regulator to roll back and delay by a year tough new compensation rule...

10 Jun 2024 14:07

Britain's payments industry calls for delay and cut in scam compensation rules

LONDON, June 10 (Reuters) - Britain's payments sector on Monday called on its regulator to roll back and delay by a year tough new compensation rule...

7 Jun 2024 12:05

LONDON MARKET MIDDAY: Europe on the back foot as US jobs report looms

(Alliance News) - Stocks in London retreated on Friday ahead of the US jobs report, leaving the FTSE 100 on track for a fourth consecutive weekly loss...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.