4th Jun 2015 10:35
LONDON (Alliance News) - Lloyds Banking Group PLC is to be hit with a fine of more than GBP100 million over mishandling complaints relating to payment protection insurance, a product widely mis-sold by high street banks.
Citing market sources, Sky News said the fine could be announced as soon as Friday.
The fine would be issued by the Financial Conduct Authority.
http://news.sky.com/story/1496109/lloyds-ppi-woes-mount-with-record-fca-fine
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Lloyds