Tag: Fourth quarter loss

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 […]