Lloyds racks up losses of £602m – Impact of the coronavirus has been ‘profound’



THE boss of Lloyds has said the impact of the coronavirus has been "profound" as the bank took a bigger-than-expected hit that pushed it into a loss. Chief executive Antonio Horta-Osorio's bankers revealed that the business had taken a £2.4billion impairment charge in the second quarter for the loans it thinks might go bad.
Lloyds racks up losses of £602m – Impact of the coronavirus has been ‘profound’ Lloyds racks up losses of £602m – Impact of the coronavirus has been ‘profound’ Reviewed by Unknown on 31 July Rating: 5

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