Lloyds Banking group PPI bill rises by another £1.8bn

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Lloyds Banking Group says it is increasing its provision for the mis-selling of payment protection insurance (PPI) by another £1.8bn, bringing the total to nearly £10bn.

But it also said underlying profits for 2013 would be £6.2bn - nearly double what analysts have been expecting, the BBC reports. The increased provision reflected a greater number of successful complaints,...

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