Lloyds spurns concern about Brexit but warns of more charges for mis-selling insurance
Lloyds has been the only one of Britain's four biggest lenders not to have taken a provision against a potential Brexit-related increase in bad loans
31 July 2019 - 13:20
London — Lloyds Banking Group played down mounting concerns about Britain’s Brexit crisis as it missed first-half profit forecasts due to a much larger than expected charge for mis-selling insurance.
CEO Antonio Horta-Osorio said Lloyds had seen business confidence deteriorate but that it had had little effect on consumers, as odds of a chaotic exit from the EU shorten and economic surveys paint an increasingly gloomy picture...
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