Lloyds sets aside £1.2bn for car finance saga

Lloyds Banking Group’s Profit Dented by Extra Provision for Motor-Finance Probe
The lender took a further provision in the fourth quarter for a potential hit linked to its motor finance business, leading its pretax profit to miss expectations.
Lloyds Sets Aside £700 Million More for Motor Finance Saga
Lloyds Banking Group Plc reported earnings that missed expectations in the fourth quarter as the lender set aside an additional £700 million for possible costs it will face for a regulatory probe into its motor finance business.
Lloyds sets aside £1.2bn to cover potential motor finance compensation costs
Lloyds has announced that it has earmarked £1.2bn to cover potential compensation costs linked to motor finance commission arrangements, as the bank's annual profit dipped by 20%.
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 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.
Lloyds Banking Q4 earnings miss as firm takes extra $882M provision for car finance saga
Lloyds Banking Group (NYSE:LYG) shares climbed 5.6% in Thursday morning trading in the U.S. after announcing a £1.7B ($2.14B) share buyback program along with a 15% dividend hike. Still, Q4 2024 earnings came in worse than expected as more capital was set aside for potential costs it will incur for a motor finance investigation.
Lloyds sets aside £1.2bn for car loan scandal
Lloyds Banking Group has nearly tripled the amount it is setting aside to cover the car finance mis-selling scandal to £1.2bn ...
Lloyds Banking Group: Underlying Trends Remain Positive Despite More Motor Provisions
Lloyds Banking Group Q4 results show strong trends with net interest margin growth and resilient assets. See why we believe ...
Lloyds £175 bank switch bonus 'for anyone earning over £28,500'
A bank switch bonus from Lloyds is ending in a few weeks - but you need to earn £28,500 a year to make it worthwhile.
Anger after Lloyds letters 'sent to wrong address' but staff say 'nothing we can do'
Lloyds asked them to continue with their good deed of returning the letters, advising: "As we can't access accounts via ...
Lloyds Banking Group rallies Friday, outperforms market
Shares of Lloyds Banking Group PLC LLOY rallied 1.97% to 67.20 British pence Friday, on what proved to be an all-around ...
Lloyds Is Auditing Thousands of IT Staffers’ Technical Skills
Lloyds Banking Group Plc is assessing the skills of thousands of technology staffers in the UK to determine whether they can ...
Lloyds Bank update after customers 'can't see statements' in their account
Lloyds Bank has issued an update after some customers were left unable to see their account statements. One customer ...
FTSE 100 Live 20 February: Centrica and Lloyds shares rally on results, miner cuts De Beers value
Annual results today fuelled strong share price performances by widely-held Centrica and Lloyds Banking Group. The British ...
As Lloyds shares creep back above book value, have I missed my chance to buy?
As an increased dividend and the prospect of share buybacks send Lloyds shares higher, is there still value on offer at a ...