Lloyds Banking Group PLC (LSE:LLOY) is still facing potential compensation costs of between £1-3.5 billion for motor finance loans after the defeat for Barclays in court yesterday, Jefferies estimates.
The US bank says that the decision going against Barclays was not a surprise as judicial reviews rarely find against the financial ombudsman service (FOS) and the bar for Barclays was high.
Capita PLC's (LSE:CPI) share price has been downgraded by analysts at Deutsche Bank after yesterday’s trading update, but the rating is still a buy for recovery.
Profits guidance was in line with previous forecasts but revenues and cash flow weaker.