Lloyds facing up to £1.8bn in fresh PPI costs

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Lloyds facing up to £1.8bn in fresh PPI costs

Lloyds Banking Group is facing an extra bill of up to £1.8bn to cover a late rush of claims for the mis-selling of Payment Protection Insurance (PPI). The bank said the number of claims more than trebled in the run-up to the final deadline of 29 August.
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Equitas dips 10% as RBI denies listing extension for its small finance bank

Shares of Equitas Holding crashed 10 per cent to trade at Rs 104.4 apiece on the BSE on Monday, after Reserve Bank of India (RBI) denied to extend deadline for its subsidiary Equitas Small Finance Bank (ESFB), to get listed at the bourses. “As the regulator …
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Stocks Mixed as China Stimulus, Data Weighed: Markets Wrap

Asian stocks were mixed Monday, as traders weighed further stimulus from China amid weak economic data. Treasuries and the dollar were little changed. Shares pushed higher in Tokyo, saw modest gains in Shanghai and fluctuated in Hong Kong and …
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New stores help shield Primark from high street malaise

Primark says it is on course to report annual sales and profit growth, as the wider high street continues to be gripped by a costs and consumer confidence crisis. In a statement preceding its annual results for the year to 14 September – due in November – the …
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States expected to target Google in new antitrust probe

SAN FRANCISCO — A group of states led by Texas is expected to announce an investigation into Google on Monday to examine whether the Silicon Valley tech giant has gotten too big and effective at stomping or acquiring rivals. The probe is the latest blow …
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