UK Bank Standards, Bonuses and Scandals: Lloyds Chiefs Face MPs

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By Lianna Brinded | February 5, 2013 2:54 AM EST

(Photo: Reuters)

Lloyds Banking Group leaders face a grilling by the Parliamentary Commission on Banking Standards in order to determine what has led to the recent spate of banking scandals and what Lloyds' executives are doing to prevent a repetition in the future.

Speaking in UK Parliament today, Lloyds Banking Group CEO António Horta-Osório and chairman Sir Winfried Bischoff will provide evidence over a number of issues that have rocked the industry, including Libor fixing, mis-selling derivatives and payment protection insurance.

For the live blog on Lloyd's leaders facing a parliamentary grilling, click here.

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