Lloyds reports additional charge to cover PPI scandal costs
Lloyds Banking Group today reported an additional charge to cover the cost of mis-sold payment protection claims of £1 billion. It brings the bank's total bill to £5.3 billion.
Lloyds Banking Group today reported an additional charge to cover the cost of mis-sold payment protection claims of £1 billion. It brings the bank's total bill to £5.3 billion.
The bill for mis-sold payment protection insurance (PPI) at taxpayer-backed Lloyds Banking Group smashed through the £5 billion barrier today as claims against the bank continue to pile up.