Lloyds Banking Group Stock Price Slides After 448,000-Customer Data Glitch, FCA Motor-Finance Plan Looms
Lloyds Banking Group shares fell 1.4% to 91.02 pence in London after lawmakers said a March IT glitch exposed data from nearly 448,000 customers. The bank has paid £139,000 to affected users and reported no financial loss. Investors are awaiting a March 30 update on motor-finance redress, with Lloyds having set aside almost £2 billion for compensation. European bank stocks also dropped amid broader market concerns.