Lloyds warns car finance scandal could cost it £2bn
Source: BBC
Lloyds Banking Group is setting aside an additional £800m for car finance compensation claims, bringing the total amount allocated by the bank for redress to nearly £2bn.The company said that the number of eligible claims is expected to be higher than previously thought.Millions of drivers who bought cars on finance with hidden commission payments between 2007 and 2024 may be eligible for redress.The Financial…
This is aggregated or syndicated coverage. Reporting and media belong to the original publisher.
Read the original source at BBC