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Britain's CMA toughens action against Lloyds Bank over PPI [Reuters]

Lloyds Banking Group Plc ADS (LYG)  More Company Research Source: Reuters
US:NYSE Investor Relations: lloydsbankinggroup.com/investors
PDF Britain's CMA toughens action against Lloyds Bank over PPI | Reuters 1 Min Read LONDON (Reuters) - Britain’s Competition and Markets Authority (CMA) has demanded Lloyds Banking Group ( LLOY.L ) toughen its procedures around mis-sold payment protection insurance (PPI) after it accused the bank of breaching its current arrangements. Lloyds, which has already paid out 18 billion pounds ($23.37 billion) in compensation as a result of the scandal, will need to provide more detailed information on its compliance with the CMA’s directions and take measures to ensure its systems and monitoring are robust. Reporting by Emma Rumney, editing by Sinead Cruise All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. Britain's CMA toughens action against Lloyds Bank over PPI LONDON (Reuters) - Britain’s Competition and Markets Authority (CMA) has demanded Lloyds Banking Group ( LLOY.L ) toughen its procedures [Read more]

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