Tag: Chief Executive Officer Antonio Horta-Osorio’s

Lloyds Posts Fourth Consecutive Loss on PPI Compensation Costs

Lloyds Banking Group Plc (LLOY), Britain’s biggest mortgage lender, posted its fourth consecutive annual loss after earmarking 3.5 billion pounds ($5.8 billion) to compensate clients wrongly sold loan insurance and swaps. The net loss narrowed to 838 million pounds for 2013 from 1.43 billion pounds in 2012, the London-based bank […]