Morning Scan: Lloyds' Good News/Bad News Earnings; B of A'...

02/03/14

Receiving Wide Coverage ...

European Bank Earnings: European stocks took a hit on Monday, thanks to "some lackluster" bank earnings. Most notably, Lloyds Banking Group reported higher than expected earnings for 2013 but Â-- wait for it Â-- said it was setting aside an additional $3.1 billion to cover potential claims related to the misselling of payment protection insurance and other products. FT Lombard columnist Jonathan Guthrie called the bank's full year update "akin to a...

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