“More of a Mondeo than a Maserati” – Lloyds Bank is yet again the under fire.
Senior analyst, Laith Khalaf, at Hargreaves Lansdown followed on from Lloyd’s third quarter results this morning, noting that the blue-chip lender is “more of a Mondeo than a Maserati” He added that the bank is “not going anywhere fast, but that does mean there’s less chance of a crash along the way.” Lloyds has been in the press a lot lately thanks to its shenanigans over the years mis-selling PPI and packaged bank accounts to customers. It would appear that Lloyds just can’t help themselves when it comes to being in the limelight!
In case you missed it…
Lloyds have been under the watchful eye of the Financial Conduct Authority for mis-selling not only PPI, but also packaged bank accounts to customers. These bundled accounts featured products such as travel insurance, mobile insurance and car breakdown cover, all for a fee of up to £25 a month. In theory it sounds great, but the problem is that Lloyds were selling these upgrades to people that didn’t want or need them. In some cases, customers didn’t even know they were being upgraded. Very poor form from Lloyds!
The Good News!
If you were one of the millions of people mis-sold one of these accounts, you might qualify for a refund. A quick phone call to us and we can chat you through the process. Why not give us a call on our freephone number: 0800 007 3777, or you can drop your details below.