Independent.co.uk: Eric Daniels, who stepped down as the chief executive of Lloyds at the end of February, may have to hand back part of the £1.45m bonus he was awarded for his last year at the helm.
The part-nationalised bank is being forced to take the unprecedented action after it mis-sold payment protection insurance (PPI) to customers, and so was made to set aside £3.2bn to cover claims to pay them back. The multibillion-pound hit pushed the bank into the red for the first three months of this year.