António Horta-Osórios deal comes as bank reports 7% topple in profits, owing to rise in PPI mis-selling chargeLloyds Banking Group has given its chief executive an £8.5m pay deal as the bailed-out bank reported a 7% topple in profits to £1.6bn.
António Horta-Osório’s pay was revealed as Lloyds reported that 2015 results were hit by a £2.1bn rise in the charge to cover the cost of payment protection insurance mis-selling.
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Source: theguardian.com