Lloyds

Lloyds to Announce LIBOR Settlement - sources 

Aug 28, 2017

Sources claim that Lloyds Banking group are set to make announcements next week in relation to the benchmark interest rate (LIBOR) fixing allegations…… (Reuters) - The long-awaited fine on Britain's Lloyds Banking Group <LLOY.L> in relation to the benchmark interest rate (L...

Alleged £1bn shortfall by banks for PPI Pay-Outs 

Aug 28, 2017

Compensation for mis-sold Payment Protection Insurance has allegedly been underpaid by up to £1bn. Customers who are potentially affected had PPI on credit cards issued by Lloyds Banking Group, Barclays, MBNA and Capital One. The reason for the shortfall in compensation payments has arisen du...

BBC Unearths Lloyds Redress Scandal 

Aug 28, 2017

Undercover investigations by the BBC have unearthed a fresh scandal for Lloyds Banking Group in the mis-selling of PPI saga.  According to the BBC’s investigations, Lloyds Banking Group have been scrimping on the compensation it pays to PPI claimants, saving the tax-payer backed ban...

Banks Cease Talks on PPI Deadline 

Aug 28, 2017

Banks have ceased talks on agreeing a Payment Protection Insurance (PPI) deadline with regulatory body the Financial Conduct Authority (FCA), after it was reported this month that the industry was once again lobbying for a cut-off date for claims.  It was reported that banks were pushing for a...

Banks Push for PPI Deadline 

Aug 28, 2017

With Lloyds Banking Group this month announcing they are to put aside additional PPI provisions, it seems that the PPI scandal is set to stick around for some time yet. However, despite the total PPI bill across all banks reaching £20 billion, there are rumours surrounding a revived proposal ...

“Serious Failings” Lands Lloyds Records Fine 

Aug 28, 2017

Lloyds bank have been handed a record breaking fine from the Financial Conduct Authority (FCA) for “serious failings” relating to their bonus schemes and sales incentives. Lloyds bank has offered an apology to its customers after the FCA fined the group £28 million for h...