Lloyds Banking Group, Motor Finance Probe

Lloyds Banking Group: Underlying Trends Remain Positive Despite More Motor Provisions
Lloyds Banking Group Q4 results show strong trends with net interest margin growth and resilient assets. See why we believe LYG stock is a buy.
Britain's Lloyds sets aside $882 million more for car finance probe
Lloyds Banking Group reported full-year profit below expectations on Thursday, weighed down by money it set aside for potential consumer redress in relation to a motor finance probe.
Lloyds Banking Group’s Profit Dented by Extra Provision for Motor-Finance Probe
The lender took a further provision in the fourth quarter for the potential hit of a possible redress linked to its motor finance business, leading its pretax profit for the period to miss expectations.
Lloyds Banking Q4 earnings miss as firm takes extra $882M provision for car finance saga
Lloyds Banking Group (NYSE:LYG) shares climbed 7% in Thursday morning trading in the U.S. after announcing a £1.7B ($2.14B) share buyback program along with a 15% dividend hike, and also delivering solid full-year 2024 results.
Lloyds sets aside extra £700m for car finance compensation
Lloyds Banking Group saw its annual profit fall below forecasts as it braces itself for the financial fallout from potential consumer redress in respect of a motor finance probe.
Lloyds sets aside £1.2bn for car finance saga as profits slide by a fifth
Lloyds has revealed it has set aside £1.2 billion to cover potential compensation costs for motor finance commission arrangements, as the bank’s annual profit slid by a fifth. An additional £700 million provision taken in the final three months of the year adds to the £450 million already confirmed last year.
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