Lloyds Bank Downgraded To A By Fitch

Lloyds Bank Downgraded To A By Fitch

Lloyds Banking Group (LBG) saw its Issuer Default Rating (IDR) and senior debt ratings downgraded to A from A+ by Fitch. Fitch said that the “downgrade of LBG’s IDR and senior debt to the level of its Viability Rating (VR), and of the Tier 2 debt, reflects our...
Lloyds Bank Downgraded To A By Fitch

Lloyds Bank Profits Down 72% For 2020

UK’s Lloyds Banking Group reported statutory pre-tax profits of £1.2bn ($1.7bn) down ~72% YoY for 2020. Net income was at £14.4bn ($20.4bn) down 16% YoY and net profits at £1.4bn ($1.97bn) down 54% YoY, reflecting lower interest rates and reduced levels of customer...
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