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Lloyds makes extra £375m provision for PPI compensation

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  • #1

    Lloyds makes extra £375m provision for PPI compensation

    Lloyds makes extra £375m provision for PPI compensation

    This is a duplicate of the Blog Entry made on 1st May 2012 17:31.

    Lloyds Banking Group has reported falling profits and set aside an extra £375m to pay for payment protection insurance (PPI) compensation. Pre-tax...

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    Tags: 1st, 2012, banking, bbc, business, calls, chief executive, claims, claims management, companies, compensation, debt, extra, insurance, lloyds, management, mis-selling, offensive, pay, payment protection, people, policy, ppi, ppi policy, profits, protection, selling, set aside, size, tax
  • #2
    Re: Lloyds makes extra £375m provision for PPI compensation

    PPI mis-selling: Who is to blame for influx of claims?

    Antonio Horta-Osorio, the chief executive of Lloyds Banking Group, no doubt smelt a rat when he received calls suggesting he could claim mis-selling compensation from his own bank. Now he has gone on the offensive against claims management companies and their scattergun approach to making compensation claims for payment protection insurance (PPI) mis-selling. Mr Horta-Osorio says that one in four claims relates to people who never had a PPI policy with the bank in the first place....Read more here
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