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Evening Standard
Evening Standard
Anna Wise

Lloyds warns of ‘material’ extra provision needed for car finance payouts

Lloyds FCA
Lloyds already has a provision of £1.2 billion reserved for the mis-selling issue (Stefan Rousseau/PA) - (PA Wire)

Lloyds Banking Group has warned it may need to set aside a “material” sum of extra money to cover the cost of the UK watchdog’s proposed motor finance compensation scheme.

Lloyds already has a provision of £1.2 billion reserved for the mis-selling issue.

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