Lloyds Banking Group Wednesday reported its first profit since turning to the government for a bailout 21 months ago, as bad loans more than halved and it made more money from mortgage customers. First-half pretax profit was £1.6bn (US$2.5bn) — far exceeding analyst expectations — and loan impairments fell to £6.55bn in the period, compared with a £3.96bn loss in the first half of 2009 when loan impairments had soared to £13.4bn.
Lloyds Banking returns to profit in first half
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loanDepot’s Frank Martell on building lifelong consumer relationships through technology
In this week’s episode of the Power House podcast, HousingWire President Diego Sanchez sits down for a tantalizing conversation with Frank Martell, the president and CEO of loanDepot, to discuss the company’s profitability in the third quarter of 2024 and its Project North Star growth plan for 2025.