Lloyds sets aside £1.2bn for car finance saga

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 for car loan mis-selling payouts
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 £700m to cover potential compensation payments, on top of £450m earmarked earlier.
Lloyds shares jump despite profit slump
Lloyds Banking Group’s has reported a drop in profit due to higher motor finance liabilities as reported this morning.
Britain's Lloyds Bank misses profit estimates on motor finance provisions
Lloyds Banking Group reported full-year profit below expectations on Thursday, weighed down by money it set aside for potential consumer redress in relation to a motor finance probe. Britain's biggest mortgage lender reported a pretax profit of 5.
Lloyds sets aside £700m more for car finance probe
Lloyds Banking Group has today warned of "significant uncertainty" around the impact of a British motor finance inquiry, after it set aside another £700m to cover a potential compensation scheme.
Lloyds shares leap despite profit drop and fresh £700m motor finance costs
Markets have done well to look beyond the noise and recognise the impressive underlying performance” – Matt Britzman, Hargreaves Lansdown
Lloyds sets aside £1.2bn for car finance saga as profits slide by a fifth
Lloyds has revealed it has set aside £1.2 billion to cover potential compensation costs for motor finance commission arrangements, as the bank’s annual profit slid by a fifth. An additional £700 million provision taken in the final three months of the year adds to the £450 million already confirmed last year.
Nottinghamshire Live on MSN24m
Full list of Lloyds Bank branches to close in March - 13 in total
For Lloyds alone, plans are underway for a further 86 branch closures by 2025, 13 of which are scheduled for March.
Lloyds share price climbs despite 20% profit drop: what analysts are saying
Lloyds Banking Group has reported a 20.4% drop in annual profit, missing forecasts due to motor finance provisions and ...
Lloyds Banking Group plc (LYG) Q4 2024 Earnings Conference Call Transcript
Q4 2024 Earnings Conference Call February 20, 2025 4:30 AM ETCompany ParticipantsCharlie Nunn - Executive Director ...
Lloyds Bank reviews tech and engineering personnel in reorg
Lloyds has reworked processes and structures since 2022 under the Platform approach. This seems to bring together tech and ...
Lloyds Bank customers getting £175 bonus payment
The offer is available to new and existing customers who sign up to Club Lloyds accounts and the deal has launched from ...
Lloyds Bank to close 13 branches in March - full list of locations
Lloyds Banking Group, which includes Lloyds Bank, Halifax, and Bank of Scotland, has followed closely, shutting down 1,243 ...
Major update to car finance compensation claims as Barclays and Lloyds Bank sets aside £1.29billion
BANKS have allocated up to £1.29billion for compensation in a major update in the car finance commission scandal. Customers ...
GlobalData on MSN3d
Lloyds Bank: private markets gaining momentum
Lloyds Bank is one of the big players in the UK spending more times looking at private markets and examining the advantages.