Lloyds Banking Group has conveyed the likelihood of incurring further charges due to the car finance mis-selling scandal. This follows the UK Financial Conduct Authority's (FCA) announcement that the total cost to banks could reach £8.2bn ($11bn) as a result of the scandal. The issue at hand stems from the way commissions were paid to motor dealerships, incentivising higher interest rates on millions of vehicle sales. According to regulatory and legal findings, these payments were not sufficiently trans ...