Pressure is mounting on the boss of Lloyds to give up his bonus after the bank was rocked by yet another hit relating to a mis-selling scandal.
The Financial Services Authority yesterday fined the taxpayer-backed lender £4.3m for delays in paying out compensation to 140,000 customers mis-sold payment protection insurance. It is another humiliation for the bank which, analysts believe, could see its PPI bill jump from the £5.3bn already set aside to £6.3bn. Lloyds chief executive Antonio Horta-Osorio immediately came under pressure to waive his bonus for 2012, which could be as big as £5.3m on top of his £1.1m salary, the Daily Mail reports. He is also due to be paid 1.7m shares in June this year, worth around £940,000 at las...
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