Lloyds Banking Group facing £100m fine for mishandling PPI payouts

Financial Conduct Authority expected to hand out penalty over scandal as government prepares to offer private investors shares in the bailed-out bankLloyds Banking Group is facing a £100m fine for mishandling compensation payouts for mis-sold payment protection insurance, in a move that is likely to lead to a clamour for its top management team to have their bonuses withheld.The penalty, which could be announced as soon as Friday, comes as the government prepares to offer private investors