Lloyds suffers £600m loss and doles out 1.1m payment holidays
Lloyds Banking Group slumped to a pre-tax loss of £602million in the first half of the year, warning investors that the impact of the pandemic was more ‘profound’ and ‘much larger’ than it expected. The lender has set aside £3.8billion for a spate of bad debts expected once furloughing ends, more mass job cuts emerge … Read more