Lloyds has to pay huge legal costs JuliusKielaitis
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It has announced that £1.8b will be transferred into a provision to repay customers who have been mis-sold payment protection insurance. In total this means that the bank will have set aside £9.8b under this heading. Only last week, the Royal Bank of Scotland moved £3b into its litigation and compensation provision. Similarly, Barclays is shifting £330m to its legal and regulatory provisions. Source: Financial Times
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