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Feb. 20 (Bloomberg) -- Lloyds Banking Group Plc’s former chief executive officer, Eric Daniels, will see his 2010 bonus award cut by 40 percent.
The bonus will be cut by reducing the amount awarded in deferred shares, the bank said in an e-mailed statement today. Some 12 other directors and executives will see their bonuses reduced in the wake of a judicial review of how the bank sold payment protection insurance.
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