Lloyds Banking Group made a loss of £3.5bn last year - largely due to money set aside to cover payment protection insurance (PPI) claims - and said its bonus pool was down 30% against 2010.
The bank, which is 41% owned by the UK taxpayer, had made a pre-tax profit of £281m in 2010. Last year, it set aside £3.2bn to cover PPI claims. Its bonus payments for 2011 were £375m, down 30% on...
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