LONDON: Britain’s state-rescued bank Lloyds said it would take an extra hit of almost £2bil (US$3.3bil) to cover misselling claims, but forecast a “small” annual profit.
Lloyds, which is 33% owned by the taxpayer, added it would seek to resume shareholder dividend payments in the second half of this year, and said it was preparing for the government to sell more of its stake.
