Lloyds warns car finance scandal could cost it £2bn

BBC NewsMonday, October 13, 2025 at 8:03:30 AM
Lloyds warns car finance scandal could cost it £2bn
Lloyds Bank has issued a warning that the ongoing car finance scandal could lead to costs as high as £2 billion. This comes as the bank sets aside an additional £800 million, anticipating a greater number of eligible claims than initially expected. This situation is significant as it highlights the financial repercussions for the bank and raises concerns about consumer trust in financial institutions.
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