BREAKING NEWS
This content is not available in your region

Lloyds profits miss expectations after fresh £1.8 billion mis-selling hit

Access to the comments Comments
Lloyds profits miss expectations after fresh £1.8 billion mis-selling hit
A sign hangs outside a Lloyds Bank branch in London, Britain, February 21, 2017. REUTERS/Toby Melville/Files   -   Copyright  Toby Melville(Reuters)
Text size Aa Aa

LONDON (Reuters) – Britain’s biggest mortgage lender Lloyds Banking Group <LLOY.L> posted weaker-than-expected third quarter pre-tax profits on Thursday, after making a further 1.8 billion pound provision for mis-sold loan insurance payouts.

The bank posted pre-tax profits of 50 million pounds for the three months to end-September, below forecasts of 163 million pounds, according to a company-provided average of analyst forecasts.

(Reporting by Iain Withers, editing by Sinead Cruise)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.