Scandals dent profits at Lloyds as PPI bill rises £600m

As well as the provisions for mis-selling PPI and the cost of the Libor rigging, Bank signals further fines to come by setting aside another £225m

Profits at Lloyds Banking Group have been hit by a further £600m provision for mis-sold payment protection insurance, along with its £226mpenalty for rigging interest rates.

As he reported results for the 24%-taxpayer owned bank, Lloyds chief executive António Horta-Osório apologised for the Libor rigging, but warned of further penalties to come.

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via Business Feeds

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