Lloyds Faces Car Finance Probe, Regions Financial Prepares for Rate Cuts

Lloyds takes a £450m provision for FCA car finance probe. Regions Financial manages deposit costs, expecting Fed interest rate cuts. Plus, Lloyds sets aside £450m for motor finance probe. Also, Australian finance department experiences second accidental data leak in four months.

Sources:
https://www.ft.com/content/2bcf29d6-2f47-4bd0-b7fe-58b4b7ee43bb
https://www.pymnts.com/news/banking/2024/regions-financial-managing-deposit-costs-expecting-fed-interest-rate-cuts/
https://www.bbc.com/news/business-68367430
https://www.theguardian.com/technology/2024/feb/22/second-accidental-sharing-of-confidential-information-regrettable-finance-department-says

Outline:
(00:00:00) Introduction
(00:00:42) Lloyds takes £450m provision for FCA car finance probe
(00:02:17) Regions Financial Managing Deposit Costs, Expecting Fed Interest Rate Cuts
(00:04:35) Lloyds sets aside £450m for motor finance probe
(00:06:48) Second accidental data leak in four months ‘regrettable’, Australian finance department says