“Only right that Lloyds pays the price” – Which? response to Lloyds Banking Group fine for LIBOR failings

Which? executive director, Richard Lloyd said:

“It’s only right that Lloyds pays the price for breaking the rules. Bonuses should be clawed back from the senior executives who presided over this scandal, rather than consumers being left to foot the entire bill.

“The banking industry will continue to struggle to restore trust and will be unable to put these scandals behind them until they can prove they have learned from past failures.”