Lloyds TSB

Lloyds sued for money-laundering

Lloyds TSB says it will vigorously defend a money-laundering lawsuit brought by US prosecutors.

Lloyds and Bank of Cyprus face civil charges alleging they helped launder hundreds of millions of dollars from a securities fraud.

The US government is seeking penalties of at least $162m from Bank of Cyprus and $130m from Lloyds, which said the legal action was without basis

Bank ‘offered unaffordable loans’

Lloyds TSB has been accused of breaking the banking code of practice by giving loans to people who cannot afford them.

The BBC programme Real Story has found that one south Wales couple on a low income was lent £100,000 by the bank.

The Banking Code Standards Board has said it is investigating the actions of the bank