Lloyds starts compensation payouts to Lehman clients

Milner, Leah
August 2009
Money Marketing;8/6/2009, p1
The article reports on the compensation payouts made by Lloyds Private Banking Ltd. to its clients who invested in structured products backed by Lehman Brothers in Great Britain. It notes the motion backed Member of the Parliament Ed Vaizey following the plight of 6,000 investors for the Financial Services Authority (FSA) to investigate the marketing of the products. It reveals that some clients are being repaid with their initial capital, interest and adviser fees.


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