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Lloyds shares surmount PPI problems

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Lloyds shares surmount PPI problems

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Lloyds Banking Group’s better-than-expected quarterly results were received with enthusiasm on Thursday in London and its shares surged 8.28 percent.

That was even though it had to set aside one billion pounds to compensate victims in a mis-sold loan insurance scandal, the notorious PPI – for Payment Protection Insurance.

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