TSB is protected against compensation claims by its parent company, the bank's chief executive Paul Pester says.
TSB boss says it has "indemnity" against any claims for misconduct (PPI etc) until it lists. Lloyds would deal with compensation.
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.
More top news
A young man dramatically rescued by the Turkish coastguard from a sinking boat has spoken of his ordeal.
Temperatures tumbling in the clear skies
Police have launched an investigation and are trying to establish the age of the baby and how long the body has been in the drain.