Regulatory Compliance

Lloyds Banking Group plc Sticks With £1.95 Billion Motor Finance Provision as FCA Trims Redress Bill
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Lloyds Banking Group plc Sticks With £1.95 Billion Motor Finance Provision as FCA Trims Redress Bill

Lloyds Banking Group said it will not increase its £1.95 billion provision for motor-finance mis-selling after reviewing final FCA rules. The FCA cut the sector’s total bill to £9.1 billion and narrowed eligibility to 12.1 million car loans. Lloyds shares fell 1.6% after the update. The bank warned that response rates, costs, and litigation remain uncertain.
April 3, 2026

Stock Market Today

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