The UK car loan scandal that could cost banks billions [Yahoo! Finance]
Lloyds Banking Group Plc American Depositary Shares (LYG)
US:NYSE Investor Relations:
lloydsbankinggroup.com/investors
Company Research
Source: Yahoo! Finance
These loans incentivised car dealers to offer higher interest rates in return for a higher commission, without sufficiently informing borrowers. Consumer association Which! estimated that millions of drivers would become eligible for compensation if the UK's highest judicial authority sides with borrowers. The government, however, sought to intervene in the case amid concerns over the economic fallout. "Such a substantial sum could limit banks' ability and willingness to lend and provide credit at a time when the economic outlook remains uncertain," said AJ Bell investment director Russ Mould. "This may be why the government is seeking to intervene," he added. Marcus Johnson is one of the claimants whose case is under consideration by the Supreme Court. He took out a loan in 2017 when he bought a Suzuki Swift from a car dealer in Cardiff, Wales for £6,500 ($8,400) -- unaware that interest paid on the loan would fund a commission of over £1,600. The Court of Appeal in Oc
Show less
Read more
Impact Snapshot
Event Time:
LYG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LYG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LYG alerts
High impacting Lloyds Banking Group Plc American Depositary Shares news events
Weekly update
A roundup of the hottest topics
LYG
News
- Abu Dhabi seizes Barclays' property empire after giving up pursuit of The Telegraph [Yahoo! Finance]Yahoo! Finance
- Is It Too Late To Consider Lloyds After Its 74.3% Surge In 2025? [Yahoo! Finance]Yahoo! Finance
- Telegraph takeover by Daily Mail owner presented to ministers [Yahoo! Finance]Yahoo! Finance
- Lloyds Banking Group (NYSE:LYG) was downgraded by analysts at BNP Paribas from a "strong-buy" rating to a "hold" rating.MarketBeat
- CNBC's UK Exchange newsletter: What the Treasury gives with one hand, it takes with the other [CNBC]CNBC
LYG
Sec Filings
- 12/22/25 - Form 6-K
- 12/10/25 - Form 6-K
- 12/10/25 - Form 25-NSE
- LYG's page on the SEC website