MY21 I take it you are inferring the same will scenario will occur tomorrow on Lloyds results ,very likely but I think not as severe, as Barclays were very slow in the beginning of this PPI episode to set aside reserves,Lloyds held there hands up immediatly and have paid out the bulk already.
Barclays bank has set aside a further £900m to compensate customers for missold payment protection insurance, taking its total PPI redress bill to £5.45bn as per their Interim results announcement this morning.
Wrong for the banks to 'fix' interest rates but O.K. for H.M.G. to effectively do the same with the Lloyds share price by 'discounting' the last offer price thus sending the share price down nearly 5p overnight ?
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