LONDON Feb 4 Lloyds Banking Group's Chief Executive said on Monday the bank had set aside 90 million pounds ($141.65 million) so far to compensate small firms mis-sold complex interest rate hedging, and indicated the sum will rise.
Appearing before the Parliamentary Commission on Banking Standards, Antonio Horta-Osorio said the bank had increased the amount of swaps transactions it is examining for potential mis-selling following a report from Britain's financial regulator last week.
"The new scope of the review is significantly wider than it was in December. The scope has widened in the last few months," Horta-Osorio said, adding that it will update the market on the issue at the time of its full year results on March 1.
UPDATE 6-BA cancels flights from London as global IT outage causes chaos
* BA latest to be hit by computer problems (Adds comment by BA's chief executive)
GM says ISS advises against Greenlight share plan, board nominees
May 27 General Motors Co said on Saturday that proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote against a slate of directors proposed by hedge fund Greenlight Capital and reject the hedge fund's plan to divide GM shares into two classes.