Lloyds reports profit increase as bank gets boost from higher rates

NAMPA / DPA

2026-10-29

London (PA Media/dpa) - Lloyds Banking Group has revealed a near-doubling of its profits after getting more income from higher interest rates, a day after the UK's chancellor said he was hiking bank taxes to fund cost-of-living support. The banking group, which includes the brands Lloyds and Bank of Scotland, reported a pre-tax profit of £2.3 billion ($3.1 billion) for the third quarter. This was almost double the £1.2 billion it made in the same......

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