Lloyds Bank to take extra £800mn charge over car finance mis-selling
Move follows ruling from Financial Conduct Authority and takes UK lender’s total provision to almost £2bn
Move follows ruling from Financial Conduct Authority and takes UK lender’s total provision to almost £2bn

‘Omnibus’ claim comes days before regulator unveils details of mis-selling redress scheme

Britain’s largest provider of vehicle loans wants to draw a line under scandal that rocked the sector

Watchdog believes motorists mis-sold auto finance could get payouts totalling up to £18bn

Financial Conduct Authority lowers estimate for loans eligible for compensation scheme

FTSE 250 lender says increased provision reflects ‘greater likelihood’ more cases will qualify for compensation

Bank’s joint venture with Schroders was hampered from the start, though neither is giving up on the sector