0853 GMT - The extra provision booked by Lloyds Banking Group to cover the redress cost in a car-loan probe should be one of the last steps toward drawing a line under the issue, J.P.Morgan Cazenove says in a research note. The U.K. bank set aside a further 800 million pounds for the matter, taking its total provision to 1.95 billion pounds. "Given the material size of this additional provision, which proportionately sits well above the FCA's estimate, we see little reason for any further material provision top-ups - however, this could continue to surprise, as we have seen across the last week," analysts write. Other exposed banks should follow in announcing extra provisions, they add. Lloyds shares are up 1.45% at 84.1 pence. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

October 13, 2025 04:54 ET (08:54 GMT)

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