Lloyds puts aside extra £800m for car finance compensation claims

The GuardianMonday, October 13, 2025 at 8:08:02 AM
Lloyds puts aside extra £800m for car finance compensation claims
Lloyds Bank has announced it is setting aside an additional £800 million to address potential compensation claims related to the motor finance scandal, bringing its total provisions to nearly £2 billion. This move highlights the bank's acknowledgment of the likelihood that more historical cases may emerge, which could lead to further payouts. This situation is significant as it reflects ongoing challenges within the banking sector and the importance of accountability in financial practices.
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