TITLE

Lloyds surrender raises hopes of payouts on PPI

AUTHOR(S)
STEPHEN WOMACK
PUB. DATE
May 2011
SOURCE
Mail on Sunday;5/ 8/2011, p89
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
THE banks' willingness to fight millions of borrowers who were wrongly sold insurance alongside their loans is crumbling. Lloyds Banking Group effectively raised the white flag last week when it set aside £3.2 billion to cover the costs of assessing claims and paying compensation to those mis-sold payment protection insurance (PPI).
ACCESSION #
60445884

 

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