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
Major changes to the care system introduced today have already come under fire from charities
During a visit to the crash site, the boss of Lufthansa has avoided reporters' questions about the co-pilot's known depression.
One Leicestershire mother managed to get a shop worth £140.27 for just 39p, Jennifer Drew told Good Morning Britain how.