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Lloyds shares surmount PPI problems

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By Euronews
Lloyds shares surmount PPI problems

<p>Lloyds Banking Group’s better-than-expected quarterly results were received with enthusiasm on Thursday in London and its shares surged 8.28 percent.</p> <p>That was even though it had to set aside one billion pounds to compensate victims in a mis-sold loan insurance scandal, the notorious <span class="caps">PPI</span> – for Payment Protection Insurance. </p> <p>For details watch our <strong>Behind Markets</strong> report</p>