Lloyds sets aside £800M more for car finance compensation, nearing £2B total due to past mis-selling.

Lloyds Banking Group has set aside an additional £800 million, bringing its total reserve for car finance compensation claims to nearly £2 billion, following a regulatory review of past lending practices. The move reflects growing costs tied to a compensation scheme for customers affected by mis-sold car finance products. The bank warned the final payout could reach close to £2 billion, though the exact figure remains uncertain.