This court case could hammer the Lloyds share price!
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Around 23 years ago, I embarked on a course of action that hurt the UK’s biggest lenders. My actions from 2003 onwards led to companies paying £53.5bn in compensation to British borrowers. Here’s my story, together with a warning for owners of Lloyds Banking Group (LSE: LLOY) shares and other financial stocks.
‘The world’s biggest whistle-blower’
From 1991 to 2002, I worked for various providers of payment protection insurance (PPI). PPI is sold to borrowers alongside credit and store cards, mortgages, motor finance, personal loans, and other financial contracts. It pays out if/when policyholders are unable to work due to accidents, sickness, or unemployment (or on death).
As…
