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Evening Standard

Business

Graeme Evans

FTSE 100 Live 13 October: Lloyds shares up despite new provision, miners lift index

Lloyds United States Lloyds Banking Group Donald Trump Graeme Evans FCA

FTSE 100 Live - (Evening Standard)

Lloyds Banking Group today made a big increase to the amount it will need to cover motor finance mis-selling compensation.

The size of the extra provision “reflects the increased likelihood of a higher number of historical cases” dating back as far as 2007.

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