Lloyds puts aside extra £800m for car finance compensation claims

<p>Banking group raises total provision to almost £2bn on ‘likelihood of more historical cases’ becoming eligible for payouts</p><ul><li><p><a href="https://www.theguardian.com/business/live/2025/oct/13/asian-stocks-tumble-fresh-us-china-trade-spat-chinese-exports-top-forecasts-business-live">Business live – latest updates</a></p><p></p></li></ul><p>Lloyds Bank has put aside an extra £800m to deal with possible compensation claims over the motor finance scandal, with its total provision rising to almost £2bn.</p><p>The bank, one of the most exposed to an ongoing scandal in which drivers were overcharged for loans as a result of commission paid to car dealers, had previously set aside £1.15bn to deal with potential costs.</p> <a href="https://www.theguardian.com/business/2025/oct/13/lloyds-puts-aside-extra-800m-car-finance-compensation-historical-claims">Continue reading...</a>