Lloyds hit as banks compete for mortgage customers

11 minutes ago About sharing By Michael Race Business reporter, BBC News Lloyds Banking Group’s profits plunged by 28% in early 2024 as competition grew for mortgages and deposits. The bank posted pre-tax profits of £1.6bn between January and March, down from £2.3bn last year. Lloyds said its margins had been hit “mainly within UK…

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