05 May 2011

Down in the snake-pit

So Lloyds bank had to report a three month loss of £3.4 billion, to cover its mis-selling of payment protection insurance as well as some (more) bad debts. I suppose it is too much to hope that Mr Eric Daniels, the former chief executive, will repay the £1.45 million bonus he was awarded for his oversight of the bank during the past year.

(Editor: he's a banker, a greedy fat-cat with the morals of a Gordon Gekko; do you really think he'll put his hand in his pocket?)

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