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Lloyds takes $5.3bn hit for insurance mis-sellingBritish bank Lloyds took a shock 3.2 billion-pound ($5.3 billion) charge on Thursday to compensate consumers for mis-selling debt repayment insurance policies and also suffered another hit from Ireland's woes. Lloyds, Europe's sixth bigges More… |
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UK banks face $8bn protection insurance hitBritain's banks could have to pay out at much as GBP5 billion ($7.9 billion) to compensate customers who accuse them of mis-selling insurance policies after a US rival warned it faces a big hit. Britain's competition watchdog has for sever More… |
