One of the interesting effects of the missold payment protection issue is the fact that some of the biggest UK banks are under increasing pressure over the bonuses being paid out to their bosses. One example of this comes with the Lloyds Banking Group and the £1.45m bonus given to their former chief executive Eric Daniels earlier on in the year. The fact that the giant bank had to set aside an astonishing £3.2bn to cover the expected missold payment protection claims means that the massive bonus has caused controversy. Lloyds Bank is of course part owned by the...