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A Lloyds Banking Group branch is pictured in central London, on... News PhotoBranch,Finance,Greater London,London - England,UK,VerticalPhotographer Collection: AFP 2011 AFPA Lloyds Banking Group branch is pictured in central London, on August 4, 2011. Britain's state-rescued Lloyds Banking Group on Thursday reported a first-half net loss of £2.3 billion (2.6 billion euros, $3.8 billion) after being forced to compensate clients who were mis-sold insurance. LBG, which last month axed 15,000 jobs as it bids to halve its international division, said its loss after tax for the six months to June compared with a net profit of £596 million in the first half of 2010. AFP PHOTO/LEON NEAL (Photo credit should read LEON NEAL/AFP/Getty Images)