Lloyds serves up a dead mouse

What has otherwise been a good year for the high-street bank has been mired by the continuing mis-selling scandal.

Lloyds Banking Group unnerved the market this week by announcing yet another jump in its provision for mis-selling payment protection insurance (PPI).It has set aside a further £1.8bn in compensation.

It is now unlikely to resume paying a dividend until later this year or 2015. The Treasury aims to sell some of its stake in the bank back to private hands this year.

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