Lloyds Bank to Take Back More Than $1 Million From Executive Bonuses

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Photo: istockphoto

But not just any executives: five current and former directors who were involved in selling questionable insurance in a scandal that will cost the partly state-owned bank about $5 billion. But don't worry too much — Lloyds will "claw back" only 25 percent of the five executives' 2010 bonuses. The rest is theirs to keep and bathe in.