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Evening Standard
Evening Standard
Business
Simon English

Lloyds boss Charlie Nunn paid £5.5 million for six month’s work

Lloyds customers reported having issues with their online banking on Thursday (Nick Ansell/PA) (Picture: PA Wire)

PROFITS at Lloyds Bank rocketed and it spent £2 billion on buying back its own shares, results that may increase pressure for a windfall tax on the banking sector.

The bank, part state owned until recently, saw profits for 2021 soar from £1.2 billion last time to £6.9 billion.

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