Lloyds' PPI provision climbs beyond £8bn

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Lloyds Banking Group has made a further £750m provision for expected claims against its sales of payment protection insurance (PPI), taking its total commitment beyond £8bn.

The group, reporting its year-to-date results for 2013, said the extra money was being made available due to a lower than expected drop in claims numbers, as well as higher than projected uphold ra...

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