Lloyds Sets Aside £1.2bn for Car Finance Mis-Selling Scandal, Hits Profits
2025-02-20
MSN
Lloyds Banking Group has significantly increased its provision for the car finance mis-selling scandal to £1.2bn, resulting in a substantial impact on its annual profits. The additional £700m set aside for potential compensation payments is a major development in the ongoing saga, highlighting the importance of responsible lending practices and regulatory compliance in the automotive finance industry, including car loan and finance services.
