Lloyds spokesman: FSA report 'will help to draw a line under the events in question'

A spokesman for Lloyds said the period under review was before it was taken over by Lloyds TSB.

He added: "This will help to draw a line under the events in question and allow the Group to move forward."

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BOS guilty of 'serious misconduct'

The Bank of Scotland was guilty of "very serious misconduct" that contributed to the taxpayers bailing out its parent company HBOS, according to the City watchdog the Financial Services Authority.