Lloyds demands earlier cut-off point for PPI mis-selling claims

Bank urges Financial Conduct Authority to set tighter time bar for claims, after saying its total payouts for mis-sold insurance nears £14bnLloyds Banking Group intends to lobby the City regulator for an earlier cut-off point for customers’ claims on payment protection insurance compensation, as its bill for the scandal reaches almost £14bn.The bailed-out bank took another £500m provision for PPI in the third quarter and admitted it was facing an additional charge of &pou