CBI names Lloyds Bank of the Year after £3.2bn PPI scandal

Taxpayer-backed Lloyds received the accolade from the CBI and the Institute of Chartered Accountants, for the "consistent support it has provided to businesses, including SMEs and larger corporates". It beat competitor bank Barclays, RBS Group and HSBC to take the honour, the Financial Times reports. The award, which Lloyds has won for seven consecutive years, comes less than a week after group's chief executive announced the bank would set aside £3.2bn to cover claims for mis-sold PPI. Barclays, RBS and HSBC, have also made provision to cover for mis-selling of PPI. But Lloyds ...