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Lloyds profit wiped out by coronavirus bad loan provision

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Lloyds now expects to set aside £4.5-5.5 billion this year to cover the economic fallout from months of lockdown and the end of government support programmes.

London

LLOYDS Banking Group's profit was wiped out by a fresh £2.4 billion (S$4.3 billion) charge for bad loans in the second quarter as the lender braces for more pain from the coronavirus pandemic.

Britain's biggest mortgage lender said on Thursday that it now expects to set...

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