Lloyds hit by record £117m fine over PPI handling

State-backed Lloyds Banking Group has been fined a record £117m by the City watchdog for mis-handling payment protection insurance (PPI) complaints.

Lloyds Bank's Horta-Osorio defends £1.7m bonus to BBC

Lloyds Bank chief executive Antonio Horta-Osorio says in an exclusive interview with the BBC that his bonus, worth £1.7m, is aligned with taxpayers' interests.