Lloyds Banking Group posts surging profits

London (AFP) – Lloyds Banking Group announced soaring annual profits Wednesday on lower charges linked to an insurance scandal, as it awaits a full return to the private sector following a state bailout.
LBG pointed to an “uncertain” economic outlook as Britain prepares to exit the European Union but said the UK economy was in good shape having performed better than expected following last June’s referendum in favour of Brexit.
The bank said its net profit surged more th