Lloyds Banking Group's outgoing chief executive, Eric Daniels, is to launch a major drive to improve the transparency of the lender's financial products in his last three months in charge.
Speaking to the Sunday Telegraph, Daniels argued a lot of the poor perceptions of banks were the result of excessively negative attacks on the sector. "One of the things that we can't really prevent, which shapes customer perception, is all the negative articles about what is happening with banks and banking," he said. "I think banker-bashing has to be about the most popular indoor sport in the UK." Daniels said Lloyds was happy to go it alone and provide more details to customers on how much they are earning in interest on their savings. "We are going to act unilaterally whethe...
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