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. Last Updated: 07/27/2016

Retail Lifts U.K. Banks

LONDON ) -- British banks continue to outperform their European counterparts, with the greatest success seen in the retail banking sector, results published by the leading High Street banks show. Dividend payments to shareholders have surged as the banks engage in cost-cutting, shedding jobs and closing branches in crowded High Street.

Lloyds TSB topped the profits' league last week during the sector's half-year reporting season, with half-time profits of ?1.446 billion ($2.37 billion), which was 28 percent higher than at the same time last year.