Banking group raises total provision to almost £2bn on ‘likelihood of more historical cases’ becoming eligible for payoutsBusiness live – latest updatesLloyds Bank has put aside an extra £800m to deal with possible compensation claims over the motor finance scandal, with its total provision rising to almost £2bn.The bank, one of the most exposed to an ongoing scandal in which drivers were overcharged for loans as a result of commission paid to car dealers, had previously set aside £1.15bn to deal with potential costs. Continue reading...
Monday 13 October 2025
.theguardian - 3 hours ago
Lloyds puts aside extra £800m for car finance compensation claims
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