Lloyds profit hit by car loan scandal

LLOYDS Banking Group has reported a 36% drop in its earnings for the third quarter as it felt the impact of an extra £800 million charge to compensate customers unfairly sold a car loan.

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The bank reported a pretax profit of £1.2bn between July and September. This was more than a third lower than the £1.8bn made over the same period last year, although it came in above the £1bn profit that most