Wires

Lloyds profits miss expectations after fresh $2.3 bln mis-selling hit

LONDON, Oct 31 (Reuters) - Britain's biggest mortgage lender Lloyds Banking Group posted weaker-than-expected third quarter pre-tax profits on Thursday, after making a further 1.8 billion pound ($2.33 billion) provision for mis-sold loan insurance payouts.

The bank posted pre-tax profits of 50 million pounds for the three months to end-September, below forecasts of 163 million pounds, according to a company-provided average of analyst forecasts. ($1 = 0.7739 pounds) (Reporting by Iain Withers, editing by Sinead Cruise)