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TSB has 'indemnity' against misconduct claims

TSB is protected against compensation claims by its parent company, the bank's chief executive Paul Pester says.

Misconduct claims for the missale of payment protection insurance (PPI) have cost the industry billions of pounds, according to estimates from the Financial Conduct Authority.

TSB 'an effective challenger', says chief executive

Lloyds chief executive Antonio Horta-Osario says TSB has "a strong balance sheet" and is well protected from the issues that caused the banking crisis.

TSB has a national network of branches, a strong balance sheet and significant economic protection against legacy issues.

It is already operating on the UK high street and is proving to be a strong and effective challenger, further enhancing competition in the UK banking sector.

– Lloyds chief executive Antonio Horta-Osorio

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TSB boss: No dividend until 2017 at earliest

TSB will offer less than a quarter of its available shares to ordinary members of the public, its boss has said.

ITV News Business Editor Joel Hills reports:

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Lloyds Banking Group: IT problems now resolved

A spokesperson for Lloyds Banking Group has said the IT problems encountered earlier are now resolved.

We apologise that earlier today, between 3pm and 6pm, some customers were unable to complete their debit card transactions. Although the majority of transactions were unaffected, we are very sorry for the inconvenience that this will have caused.

At the same time, some customers encountered problems at approximately half of our 7,000 ATMs. This was resolved by 7.30pm, and all of our ATMs are now working.

– Lloyds Banking Group spokesperson

Online and telephone banking were unaffected by the problems.

TSB: Cause of banking problems now fixed

The CEO of TSB has tweeted that the cause of the banking problems are now fixed but added that it will take a while to clear the backlog.

Your comments: Lloyds banking group's card problems

Ursula Lyons found the card problem "annoying and embarrassing", after experiencing issues at a cash point and accessing her online banking account.

But Tracy Pomphrey said: "Myself and my mum had our TSB cards declined in Asda, it was extremely embarrassing. Although we could go out to the cash machine outside and withdraw the cash!"

Hayley Jane said: "People saying they are glad they're with other banks, but they have all had this problem at some stage - Natwest had this problem last year for ages!!"

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