LONDON (Finance) – The Financial Conduct Authority of Britain announced that it fined Lloyds Bank £64 million for failures in handling mortgage arrears.
Lloyds, Bank of Scotland and The Mortgage Business units estimated that they will have paid approximately £300 million in redress, and the redress programme is nearly complete.
(Photo syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.