Lloyds: Banking Group's yearly profit soared by more than 50 per cent

Yorkshire Post 2024-02-22

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Lloyds Banking Group has revealed its yearly profit soared by more than 50 per cent after being boosted by higher borrowing costs, but said it set aside £450m to cover potential costs of a major review into historic car finance selling practices. The banking group said it made a pre-tax profit of £7.5bn over 2023.

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