Lloyds slashes bonuses after £117m PPI fine

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Lloyds Banking Group is cutting its bonus pool by £30m and withholding £2.65m in share awards from its senior executives.

Chief executive António Horta-Osório is expected to lose around £350,000 worth of shares. And according to reports, around £10m of share awards for the executive team covering the 2012 and 2013 ...

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