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Lloyds Banking Group fined £4.3 million for delayed PPI redress payments

The Financial Services Authority (FSA) has fined three Lloyds Banking Group firms a total of £4,315,000 for failings in their systems and controls that resulted in up to 140,000 customers receiving delayed payment protection insurance (PPI) redress. The three firms are Lloyds TSB Bank Plc, Lloyds TSB Scotland Plc and Bank of Scotland plc (together, LBG). . .

http://www.fsa.gov.uk/library/communication/pr/2013/017.shtml