Lloyds sets aside £1.2bn for car finance saga

LLoyds earmarks £1.2bn for car finance scandal
Lloyds Banking Group has nearly tripled the amount it is setting aside to cover the car finance mis-selling scandal to £1.2bn, knocking its profits for the year. It is setting aside an extra £700m to cover potential compensation payments,
Major update on car finance payouts as Lloyds makes change
As the Supreme Court's case into the car finance scandal draws closer, a Lloyds Banking Group has earmarked even more money for affected motorists.
Lloyds sets aside £1.2bn in 'PPI on wheels' car finance scandal as profits tumble 20%
Lloyds, led by boss Charlie Nunn (pictured), has earmarked an extra £700m for compensation on top of a previously announced £450m.
Britain's Lloyds sets aside $882 million more for car finance probe
Lloyds Banking Group warned on Thursday of "significant uncertainty" around the impact of a British motor finance inquiry, after it set aside another 700 million pounds ($882 million) to cover a potential compensation scheme.
Lloyds sets aside £1.2bn for car loan mis-selling payouts
Lloyds Banking Group has nearly tripled the amount it is setting aside to cover the car finance mis-selling scandal to £1.2bn, knocking its profits for the year. It is putting aside an extra £700m to cover potential compensation payments,
Lloyds triples car finance compensation provision to £1.2bn
Lloyds Banking Group has nearly tripled the funds set aside to cover potential compensation for car finance mis-selling, raising its provision to £1.2bn. The move has impacted the bank’s annual profits,
Lloyds sets aside extra £700m for car finance compensation
Lloyds Banking Group saw its annual profit fall below forecasts as it braces itself for the financial fallout from potential consumer redress in respect of a motor finance probe.
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