Tag: outlook

Lloyds profits wiped out as bank warns about economic outlook

Image copyright Reuters Lloyds Banking Group has warned the lockdown is having a greater economic shock than expected. Britain’s biggest retail bank has put aside another £2.4bn to deal with people and firms defaulting on loans. The provision was far higher than analysts’ expected, and meant Lloyds slumped to a pre-tax loss of £602m for the first half of the… Read more →

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