Lloyds to repay arrears fees and PPI claims to the tune of £1bn
Lloyds Banking Group has set aside another £1bn to cover the cost of insurance mis-selling and the treatment of mortgage customers. Another £700m will cover payment protection insurance (PPI) claims and £283m will be used to repay about 590,000 mortgage holders. The repayment to mortgage customers comes after they were charged from 2009 to 2016…