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Lloyds in dividend dispute with FSA

LLOYDS Banking Group is in dispute with the Financial Services Authority about plans to restart paying dividends that would provide a windfall for the Treasury.

Some 41%-owned by the taxpayer, Lloyds is thought to be keen to resume paying dividends in 2014.

The bank expects to make sufficient profits next year to mean the expected payment would not be considered imprudent.

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Finance

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