Tuesday, July 7, 2015   

Lloyds bank interim net profits slump
(07-31 14:51)

Britain's state-rescued Lloyds Banking Group said Thursday that net profits slumped 57 percent in the first half, hit by compensation for insurance mis-selling and fines over Libor rate rigging.
Earnings after taxation dived to 665 million pounds in the six months to June 30, compared with 1.560 billion pounds a year earlier when it was boosted by sales of assets and government bonds, LBG said in a statement. The lender is 25-percent owned by the government. --AFP   
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