Tag: UK finance
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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…