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Lloyds reserves additional £800m for car finance redress scheme
Yahoo Finance·2025-10-14 13:47

Lloyds Banking Group has reserved an extra £800m ($1.06bn) to address potential costs arising from the latest car finance mis-selling scandal . Recently, the bank announced the incurring of additional charges. This decision follows a consultation paper issued by the Financial Conduct Authority (FCA) regarding a proposed industry-wide compensation scheme for motor finance customers, after a Supreme Court ruling earlier this year. The group, which operates a car finance provider, Black Horse, has evaluate ...