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An end to horse play

26 October 2016 By Dominic Elliott

The UK bank’s third-quarter earnings fell two-thirds, hurt by a new 1-bln-pound provision for insurance mis-selling. Adjust for one-offs, and Lloyds’ return on equity was a respectable 11.5 pct. But even if an EU exit is gentle, prolonged low rates would force that number down.

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