In Worthing and another v Lloyds Bank plc [2015] EWHC 2836 (QB) the Court rejected the claim by Mr and Mrs Worthing for negligent advice from Lloyds TSB Private Banking Limited (Bank) in relation to investments in 2007 and when the investments were reviewed subsequently. In 2007, the claimants invested £700,000 in an investment portfolio […]
Read MoreRecord Lloyds fine is the bark of a toothless regime – Case shows importance of reforms to approved persons regime – and why it doesn’t go far enough.
Headlines across the financial press were dominated this morning by the news that Lloyds has been slapped with the regulator’s largest ever retail conduct fine of £28m in relation to venal incentive schemes that led to inappropriate customer sales. The devil in the detail shows just how insidious these incentives – which ranged from carrot […]
Read More