Lloyds 'in FSA clash over dividend'

AP Photo/Matt Dunham

Taxpayer-backed Lloyds Banking Group is reportedly at loggerheads with the City watchdog over plans to restart payouts to shareholders.

Chief executive Antonio Horta-Osorio wants to pay a small dividend from the profit the 40% state-owned lender expects to make next year, the Sunday Times said, the first since the Government acquired its stake in the 2008 rescue deal.
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