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€4.2bn loss for Lloyds

Lloyds Banking Group, Britain's biggest mortgage lender, posted its fourth consecutive annual loss after earmarking £3.5bn (€4.2bn) to compensate clients mis-sold products including loan insurance. The net loss narrowed to £838m (€1.01bn) for 2013 from £1.47bn (€1.8bn) in 2012, missing the £519m (€631m) median estimate of seven analysts.


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