Lloyds results reveal losses

Lloyds Banking Group have published full year results for the year ended December (results). The bank has posted smaller losses than expected, of £570m. Lloyds has set aside a further £1.5bn for PPI mis-selling claims.

The CEO is to receive a bonus of £1.485m while the total bankers' bonus pool is at £365m (a three per cent reduction from the year before).
This follows reports that the government will sell their 39 per cent stake in Lloyds when the share price reaches 61p.