May 2019

Lloyds Banking Group sets aside further £100m for PPI

Image copyright Reuters Lloyds Banking Group has set aside a further £100m to cover payment protection insurance (PPI) mis-selling as it reported flat quarterly profits. Pre-tax profits for the first three months of the year were £1.6bn, unchanged from the same period a year earlier. The bank also warned that continuing Brexit uncertainty could have

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Facebook Set to Create Privacy Positions as Part of F.T.C. Settlement

WASHINGTON — The Federal Trade Commission is negotiating a settlement with Facebook that would create new positions at the company focused on strengthening its privacy practices, according to two people with knowledge of the talks. Facebook has agreed to create a privacy committee to protect its users’ data, as well as an external assessor who

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