Lloyds Bank sets aside a further £100M against PPI compensation.
Lloyds Banking Group has set aside a further £100m to cover payment protection insurance (PPI) mis-selling as it reported flat quarterly profits. Pre-tax profits for the first three months of the year were £1.6bn, unchanged from the same period a year earlier. The bank also warned that continuing Brexit uncertainty could have a further impact on the UK economy. However, Lloyds said it had not seen the quality of its assets deteriorate. The group's chief executive, António Hor