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The Financial Services Authority yesterday fined the taxpayer-backed lender £4.3m for delays in paying out compensation to 140,000 customers missold payment protection insurance. claim back the com.
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Now I have spoken to a number of Lloyds big shareholders and they have told me that they regard the scheme as less necessary than it was, because loans are no longer going bad at the rate feared a few.
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The threat remains however of more charges to compensate UK customers for mis-sold insurance products. Lloyds did not set aside any more money for claims in the first quarter. after a 660 million c.
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Sky News has learnt that Mike Evans, a veteran of the insurance industry, has been approached about. City speculation has linked Lloyds Banking Group with a possible takeover of M&G Prudential in r.
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