Summary
TENS of thousands of Lloyds Banking Group customers who were mis- sold payment protection insurance are expected to receive compensation, forcing the part-taxpayer-owned bank to post a pound(s)3.3 billion loss.
The institution revealed the loss in the six months to June 30, 2011. It was largely the result of setting aside the pound(s)3.2bn fund for claiming customers in May.See the full content of this document
Extract
Pay-Back Time Hits Lloyds
But some of those affected, supported by consumer groups, say payouts to customers remain slow and believe there should be a more streamli...
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