Lloyds has put aside a further £700 MILLION for compensation over car finance scandal. Lloyds’ pre-tax profits for the year to December are down 20% to just under £6bn, compared with £7.5bn ...

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 ...

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 £ ...

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 ...

Lloyds is heavily exposed to the car finance scandal through its Black Horse brandCredit: Getty Lloyds is heavily exposed to the mis-selling scandal through its Black Horse brand. Millions of ...

So-called hidden commission arrangements between car dealers and borrowers are the subject of a major review by the UK’s financial watchdog, as well as landmark court cases. In its annual results, ...

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 £ ...

Lloyds said the extra £700 million provision for motor finance was taken in light of a court judgment on the issue in October. That found it was unlawful for car dealers to receive commission on ...