Lloyds is heavily exposed to the car finance scandal through its Black ... 2.0 – following the misselling of payment protection insurance which led to banks paying out £50billion in redress.

Lloyds Banking Group ... £50billion payment protection insurance (PPI) debacle a decade ago. It has even been dubbed ‘PPI on wheels’. Lloyds, which owns car-loan business Black Horse, could ...

It may have been anticipated that setting aside hundreds of millions of pounds more to cover for car insurance mis-selling may have dented investor confidence in Lloyds Banking Group. But the ...

Lloyds profits sank below forecasts last year as the British banking giant braces itself for the financial fallout of the car finance commissions ... payment protection insurance rip-off banking ...

Lloyds Banking Group has been forced to set aside ... for compensation following a court ruling last October which found car dealerships had unlawfully received commission on finance deals without ...

Lloyds Banking Group has announced it is putting aside an additional £700 million for potential car finance compensation payments. The money, which will knock the famous bank's profits for the ...

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, ...

The investigation focuses on past practices where banks allowed car dealerships and brokers to set their own interest rates on loans Lloyds Banking ... Payment Protection Insurance (PPI) debacle.

Lloyds Banking Group Plc set aside an additional £700 million ($882 million) for possible costs it will face for a regulatory probe into its motor finance business, meaning it missed earnings ...