Lloyds to claw back £2m bonuses

Lloyds Banking Group is to claw back bonuses worth around £2 million in the wake of the scandal over payment protection insurance (PPI), it has been reported.

Former chief executive Eric Daniels will lose up to £700,000 of his £1.45 million bonus for 2010, while three other current and former directors will each have to forgo up to £250,000.