As the ramifications of the court finding in favour of consumers miss-sold car financing ripples though the banking sector we're starting to see how much money might be involved in compensation;
Lloyds have already allowed £450bn in their accounts to cover settlements while Santander have set aside £295mn.
Estimates that the entire compensation could finally be around £30bn nw don't look so off the mark.
A lot of people in banking are hoping the appeal is successful!
#banks #carloans
h/t FT
Emeritus Prof Christopher May /
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2024-11-20 17:50:13
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2024-11-20 17:50:13Event JSON
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