Lloyds sets aside £1.8bn over PPI

Updated
Lloyds Banking Group
Lloyds Banking Group

Lloyds Banking Group today set aside another £1.8 billion to cover compensation for the mis-selling of payment protection insurance.

Despite the latest provision, which takes the running total for the bank to nearly £10 billion, Lloyds said it still expects to make a small profit for 2013.
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