Upbeat Lloyds expects full-year profits for 2010

The bank, which returned to profit during the first half of the year, says loan impairments continued to decline in Q3. In the core banking business, Lloyds expects a modest improvement in banking net interest margin in the second half of 2010, helped by lower costs. "We continue to monitor the economic environment carefully but, notwithstanding this, we are pleased to be reporting good progress against our strategic priorities," outgoing CEO Eric Daniels said in a statement. "Based on the group's current economic and regulatory assumptions, we continue to expect the group to deliv...