LONDON: Britain’s state-rescued Lloyds Banking Group said that net profits slumped 57% in the first half, hit by compensation for insurance mis-selling and fines over Libor rate rigging.
Earnings after taxation dived to £665mil (US$1.125bil) in the six months to June.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
