Mis-selling at Lloyds TSB knocks FTSE potential

News of mis-selling costs at Lloyds TSB Group this morning knocked the stuffing out the FTSE 100, accompanied by a downgrade from Moody's ratings service for Aviva, making the entire insurance sector suffer again. The benchmark FTSE 100 Index shed 43.7 points or 1.1% to 4031.7 after Lloyds TSB and Aviva posted six of the index's 10 biggest point losses. Lloyds TSB is reported to have been fined for mis-selling endowments through Abbey Life, as well as declaring it needs to set aside £205m for insurance liabilities and losses from loans. Aviva fell 18.5 p or 3.5% to 512.5p bec...