Barclays, Lloyds Face Higher Costs From Pension Deficits: Chart

The U.K.’s biggest banks will probably report that their employee pension funds swung into deficit, forcing them to take charges, when they post third-quarter earnings this week. After the Bank of England’s Brexit stimulus package hurt bond yields, Lloyds Banking Group Plc might face the biggest hit at 1.2 billion pounds ($1.3 billion), followed by Barclays Plc at 900 million pounds, according to Citigroup Inc. analysts.

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