Lloyds Banking Group Nears Finish Line on Car-Loan Issue -- Market Talk

Dow Jones

Oct 13

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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The U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. 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. 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The U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. 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) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 13, 2025 04:54 ET (08:54 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2575476698","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2575476698","pubTimestamp":1760345640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","LYG":"劳埃德","BK4521":"英国银行股"},"translate_title":"劳埃德银行集团汽车贷款问题已接近终点线——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LYG":0.9},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 13, 2025 04:54 ET (08:54 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}