Lloyds sees Payment Protection Insurance costs escalate

Lloyds Banking Group has suspended its share buyback after a last-minute rush of compensation claims for mis-sold payment protection insurance (PPI), taking its total costs for the scandal to £21.8bn (€24.4bn).

Lloyds sees Payment Protection Insurance costs escalate
Tue, 10 Sep, 2019 - 07:30
Bloomberg

By Viren Vaghela

Lloyds Banking Group has suspended its share buyback after a last-minute rush of compensation claims for mis-sold payment protection insurance (PPI), taking its total costs for the scandal to £21.8bn (€24.4bn).

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CourtsPlace: LondonPlace: UKPerson: Viren VaghelaPerson: Neil WilsonPerson: WilsonEvent: PPI scandalOrganisation: LloydsOrganisation: Lloyds Banking GroupOrganisation: Royal Bank of ScotlandOrganisation: CYBGOrganisation: Virgin MoneyOrganisation: Markets.comOrganisation: Lloyds’Organisation: New City AgendaOrganisation: BarclaysOrganisation: Financial Conduct AuthorityOrganisation: Bloomberg
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