At last! Bank boss told to pay back bonus

publicerad 4 december 2011
- av Torbjörn Sassersson red. 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.

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