AGGRESSIVE selling at Lloyds and Halifax Bank of Scotland in the past and sometimes "fraudulent" compensation bids by claims management firms have been blamed by Lloyds Banking Group chief executive Antonio Horta-Osorio for a £375 million hike in its provision for payment protection insurance mis-selling compensation.
Lloyds, which is 41% owned by the taxpayer, has now put £3.6 billion aside for PPI claims as the bank followed Barclays in increasing its compensation pool after a jump in claims in February and March.
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