TITLE

Lloyds' PPI bill to top £10bn

PUB. DATE
July 2014
SOURCE
Daily Mail;7/28/2014, p56
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
LLOYDS Banking Group is to set aside another £500m to compensate customers mis-sold payment protection insurance - taking its total bill for the scandal to more than £10bn.
ACCESSION #
97220427

 

Related Articles

  • Lloyds laments as its PPI fiasco costs nearly £14bn. James Salmon // Daily Mail;10/29/2015, p69 

    LLOYDS urged regulators to bring forward the deadline on PPI complaints as its compensation bill for the scandal soared to just under £14bn.

  • Hands-off style of regulating banks is doing no favours for the consumer.  // Mail on Sunday;8/11/2013, p62 

    The mis-selling of Payment Protection Insurance (PPI) is now expected to cost the British banking sector about £18.4bn. That's enough to plug that €3.1bn hole in our Government's budget more than six times over. It's a lot of money - well up on the original estimate. This week Lloyds...

  • Financial shares take a battering over PPI.  // Daily Mail;10/20/2012, p101 

    SHARES in some of Britain's biggest banks fell sharply yesterday amid fears that bills for payment protection insurance misselling and other scandals could spiral. Lloyds was the biggest faller, dropping 3.28pc to 40.49pc. Analyst Investec set alarm bells ringing by suggesting that Lloyds would...

  • Banks face a new £5bn bill for PPI claims. James Salmon // Daily Mail;1/28/2016, p73 

    BRITAIN'S biggest banks are braced for a further £5bn bill for the PPI mis-selling scandal.

  • Halos and horns. Sunderland // Daily Mail;2/16/2013, p108 

    ERIC Daniels, the former boss of Lloyds, was asking for trouble by saying this week that his bank was 'on the side of the angels' when it has had to earmark �5.3bn for PPI redress.

  • 30 SECOND GUIDE TO ...  // Daily Mail;8/ 2/2013, p73 

    Isn't it over yet? NO, Lloyds just extended its provision for PPI loan insurance policies by £500m, taking the cash set aside to £7.3bn. Earlier this week Barclays upped its provision by £1.3bn, taking its pot to £4bn. The main banks have now set aside £14bn to deal with these...

  • PPI fraud is hurting Lloyds, says man who took bank to the brink. James Salmon // Daily Mail;2/15/2013, p2 

    DISGRACED former Lloyds boss Eric Daniels yesterday launched an astonishing attack on the bank's customers, blaming bogus PPI claims for pushing up the compensation bill.

  • LLOYDS IGNORES TAXPAYERS' ANGER BY INCREASING BONUSES.  // Daily Mail;2/13/2014, p72 

    LLOYDS is set to re-ignite the row over fat-cat pay today by increasing bonuses, despite a spiralling bill for mis-selling, writes James Salmon. The state-backed lender is expected to increase its bonus pool by 10pc to £395m, mirroring the hike unveiled by Barclays earlier this week. Chief...

  • Lloyds reborn. ALEX BRUMMER // Daily Mail;5/ 1/2013, p67 

    IT has taken nearly five years but Lloyds finally looks to be coming out from under the shadow of the financial crisis. Recovery was slowed over the last year or so by the astonishing £6.8bn payment protection insurance (PPI) cost that finally looks to be petering out.

  • Horta Osorio is betting big on the British consumer. Jim Armitage // Evening Standard;12/20/2016, p41 

    WHEN it comes to PPI mis-selling claims, Lloyds is a thoroughbred champion.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics