With just a month to go before the PPI deadline Lloyds Banking Group (LBG) has added a massive £½ billion to its PPI provision to take the total it has set aside to over £2 billion.
Lloyds Banking Group (LBG) has added another £90 million to its PPI provision as the number of new PPI claims continues to rise.
The latest increase comes on top of more than £18 billion it has set aside to pay successful claims since January 2011 – more than half of the overall total paid out by the finance sector so far.Read More
Lloyds Banking Group (LBG) has announced the closure of 49 more branches – 41 with Lloyds and the remaining eight with Halifax – with 1,230 jobs affected.
Claims for mis-sold PPI against Barclays Bank soared by 16% in 2017.
Total claims received have now topped 2.1 million – 300,000 up on the previous year – and the bank has paid out a total of £7.6 billion in compensation for successful PPI claims.Read More
Lloyds adds another £600 million for PPI
Lloyds Banking Group (LBG) have added another £600 million to their PPI compensation pot, taking the total set aside so far to £18.6 billion – more than half the total set aside by the whole industry.
The increase was needed because the bank had underestimated the number of new PPI claims they would receive following the announcement of the 2019 claims deadline.Read More
Lloyds Banking Group (LBG) and Virgin Money have banned their customers from buying Bitcoins with their credit cards.