Tag Archives: Crime Pays After All : Lloyds Posts £2bn Profit By Losing Less And Stealing More

John Ward – Crime Pays After All : Lloyds Posts £2bn Profit By Losing Less And Stealing More – 30 April 2013

John WardIt’ll take 65 more years like this one to get our money back

Everyone seems jolly happy with the Lloyds Banking Group results: profits are up almost tenfold to around £2 billion before tax, embezzlement, dodgy accountancy, brave faces and brass necks are taken into account. Appallingly idiotic investment bets halved to a mere billion quid – and there was a satisfying absence of any fresh charges related to the mis-selling of payment protection insurance. That scandal  will very likely cost LBG £6.8bn by the time they’ve finished. Continue reading