Another Groundhog Day for Lloyds (LLOY). The banking group incurred a further £1.05bn in provisions for past mis-selling of payment protection insurance during the first six months of the year. That included an additional £700m taken for the second quarter, due to claims levels eclipsing management’s expectations. The group also took an additional £540m provision for other conduct charges, including the cost of reimbursing customers previously charged mortgage arrears fees.
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