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Top UK bank returns to profitability

LONDON (CU)_Amid the COVID-19 pandemic last year, many banks across the United Kingdom reported huge losses as they were forced to set aside billions of pounds to cover potential defaults linked to the global health crisis. However, now with one of the most successful vaccination campaigns underway, the country is beginning to experience an economic turnaround which is reflected in the balance sheets of the top financial service providers in the country, including the Lloyds Banking Group, which returned to profitability in the second quarter of this year.

In the three months to the end of June this year, the largest retail bank in Britain reported…

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