Banks are poking their heads back above the parapet and are finding that the economic destruction caused by Covid-19 might not be as bad as they had feared. Take Lloyds, for example. It has joined Barclays in releasing provisions set aside for bad debts as the nation was thrown into lockdown. SponsoredA year ago Lloyds took a £3.8 billion impairment charge, which terrified shareholders and pushed the bank to a pre-tax loss. Moreover, the huge

Source: The Times July 29, 2021 15:01 UTC