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Bailed-out Lloyds Banking posts surge in 2016 profit
Earnings more than quadruple; bank takes lower £1b hit to compensate customers who were mis-sold insurance
Add BT as a preferred sourcePublished Wed, Feb 22, 2017 · 09:50 PM
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London
LLOYDS Banking Group (LBG) on Wednesday announced soaring annual profits on lower charges linked to an insurance scandal, as it awaits a full return to the private sector following a state bailout.
LBG pointed to an "uncertain" economic outlook as Britain prepares to exit the European Union but said the UK economy was in good shape having performed better than expected following last June's referendum in favour of Brexit.
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