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Lloyds Banking Group PLC (LLOY.L)

LLOY.L on London Stock Exchange

54.06GBp
19 Sep 2019
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54.06
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151,989,654
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67.90
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Mon, Sep 9 2019

UPDATE 4-Lloyds and Barclays hit by $4 bln insurance mis-selling claims

* Lloyds suspends 2019 share buyback, scraps 2019 ROTE target

Lloyds warns PPI could cost it an extra 1.8 billion pounds

LONDON Lloyds Banking Group will make extra provisions for payment protection insurance (PPI) claims of between 1.2 to 1.8 billion pounds ($1.47-2.21 billion) in its third quarter results and is suspending its 2019 share buyback program, it said on Monday.

UPDATE 1-UK Stocks-Factors to watch on Sept. 9

Sept 9 Britain's FTSE 100 index is seen opening up 22 points to 7,304 on Monday, according to financial bookmakers, with futures trading up 0.5%.

Lloyds Banking Group lands $4.5 billion Tesco Bank mortgage portfolio

LONDON Lloyds Banking Group has agreed to buy Tesco Bank's 3.7 billion pounds ($4.54 billion) UK residential mortgage portfolio, in a move likely to consolidate its dominance of Britain's ultra-competitive market for home loans.

UPDATE 1-Lloyds Banking Group lands $4.5 bln Tesco Bank mortgage portfolio

LONDON, Sept 3 Lloyds Banking Group has agreed to buy Tesco Bank's 3.7 billion pounds ($4.54 billion) UK residential mortgage portfolio, in a move likely to consolidate its dominance of Britain's ultra-competitive market for home loans.

Lloyds Banking Group lands $4.5 bln Tesco Bank mortgage portfolio

LONDON, Sept 3 Lloyds Banking Group has agreed to buy Tesco Bank's 3.7 billion pounds ($4.54 billion) UK residential mortgage portfolio, in a move likely to consolidate its dominance of Britain's ultra-competitive market for home loans.

Lloyds tackles scourge of domestic financial abuse with special support team

LONDON Lloyds Banking Group is launching a specialist economic abuse support team with powers to help liberate thousands of vulnerable customers from financial oppression at the hands of their partners.

Lloyds tackles scourge of domestic financial abuse with special support team

LONDON Lloyds Banking Group is launching a specialist economic abuse support team with powers to help liberate thousands of vulnerable customers from financial oppression at the hands of their partners.

Lloyds tackles scourge of domestic financial abuse with special support team

* 60% of domestic abuse victims cite money as means of control Lloyds team to offer practical help, emotional signposting

Breakingviews - Lloyds’ PPI tragicomedy has suitably shambolic end

LONDON (Reuters Breakingviews) - Oh dear. Lloyds Banking Group is ending its misssold payment protection insurance scandal as it began – with an almighty slap in shareholders’ faces. The UK’s largest domestic-focused bank on Wednesday revised down full-year returns on tangible equity after it posted a 7% decline in first-half pre-tax profits due to a higher than expected PPI charges. Such ‘one-off’ costs should roll off after an August deadline. But it’s still a dent to CEO Antonio Horta-Osorio

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