Lloyds takes PPI mis-selling to a whole new level by purchasing MBNA for £1.9 billion

Lloyds takes PPI mis-selling to a whole new level by purchasing MBNA for £1.9 billion

  Lloyds is set to ramp up its operations in the PPI mis-selling industry by purchasing the credit card firm MBNA from Bank of America for £1.9 billion.   Despite setting aside an extra £1 billion in October for its own mis-sold PPI claims, this latest move will ensure the part state-owned bank gains an…

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