Lloyds racks up losses of £602m – Impact of the coronavirus has been ‘profound’

It is almost £1billion ahead of the £1½billion charge that analysts were expecting. The news sent Lloyds into the red, with the bankers racking up a £602million pre-tax loss for the first half of the year. According to an average of the estimates by analysts who cover Lloyds, the bank was expected to lose £31million […]

from Newslanes https://ift.tt/3jY5ARz
via gqrds