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.
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Largely dry across the UK through this evening
A former football coach has handed himself into police shortly after telling a newspaper he had sexually abused youth football players.
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