Lloyds Bank Profit Slumps 36% as Car Finance Scandal Hits Earnings
On 23 October 2025, Lloyds Bank Group revealed its third-quarter pre-tax profit had slumped by 36% to £1.17 billion. The main cause? A growing fallout from the UK car-finance scandal, in which customers may have been mis-sold loans through undisclosed dealer commissions. Lloyds has now set aside about £1.95 billion in provisions to cover potential…