TITLE

Lloyds starts compensation payouts to Lehman clients

AUTHOR(S)
Milner, Leah
PUB. DATE
August 2009
SOURCE
Money Marketing;8/6/2009, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
44053353

 

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