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Lloyds Bank profits rise to 1.8bn

Lloyds Banking Group reports a 22% rise in underlying pre-tax profit to 1.8bn for the first three months of the year.

Chief Executive of Lloyds of London, Inga Beale, outlines its ''unique position'' as the market announces a 14% rise in profits for 2013 to 3.2bn.

The government says it has raised 4.2bn through the sale of a 7.8% stake in Lloyds Banking Group.

The government announces it will sell 7.5% of Lloyds Banking Group after it was advised to sell more of its shares.

Lloyds Banking Group has been cutting compensation it pays to PPI claimants, a BBC investigation has discovered.

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