Tag: UK finance


  • Lloyds Warns of Bigger Hit from Car Finance Scandal as FCA Figures Lag Behind

    Lloyds Warns of Bigger Hit from Car Finance Scandal as FCA Figures Lag Behind

    Overview: Lloyds tightens its stance on the car finance scandal Lloyds Banking Group has warned that the financial impact of the motor finance mis-selling scandal could be more severe than it had previously anticipated. After initially setting aside about £1.2bn to cover compensation payments, the lender indicated on Thursday that an additional provision is likely…