Deals
Lloyds Bank Suspends Buyback After New Mis-Sold Insurance Claims
- British lender joins RBS, CYBG in rush of August PPI claims
- Scandal’s costs for banks have surpassed 50 billion pounds
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Lloyds Banking Group Plc suspended its share buyback after a last-minute rush of compensation claims for mis-sold payment protection insurance, taking its total costs for the scandal to 21.8 billion pounds ($26.7 billion).