Lloyds

Lloyds Banking Group has reported a sharp 36% decline in third-quarter profit, mainly due to rising costs from its car finance division. While the bank’s core operations, including lending and deposits, remain strong, heavy provisions for potential compensation linked to past motor-finance mis-selling have overshadowed the results. Q3 Results at a Glance Lloyds reported a…

Lloyds Banking Group has reported a strong 17% jump in profits. That’s big news in the UK banking world. But instead of just celebrating, the bank’s CEO has raised a concern. He’s worried that the government might increase taxes on banks. Why does this matter to us? Because banks play a huge role in our…