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Car finance scandal: Lloyds sets aside £1.2bn for potential payouts

BBC
Summary
Nutrition label

82% Informative

Lloyds Banking Group has nearly tripled the amount it is setting aside to cover the car finance mis-selling scandal to 1.2bn .

The bank reported a pre-tax profit of 5.97bn , down from 7.5bn a year earlier .

The Supreme Court will rule on the question of whether people taking out car loans were properly informed over how commission was paid.

VR Score

87

Informative language

87

Neutral language

60

Article tone

formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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