Will Lloyd's TSB Retain Their Title

On the home page of their Internet Personal Banking site Lloyd's TSB proudly display the following statement. Internet banking provided by Britain's most trusted bank* Incidentally, the star refers to a footnote at the bottom of the page which states Readers Digest most trusted bank survey 2008. It was announced just yesterday that the bank have agreed to forfeit $350m in return for US Justice Department not pursuing the case against Lloyd's after the bank admitted responsibility for criminal conduct. The US Justice Department said that as early as 1995 Lloyd's falsified wire transfers involving countries or individuals on the US sanctions list. Countries involved included Sudan, Iran and Libya. The bank was accused of deliberately removing customer information or 'stripping' as Lloyd's employees called it, so that wire transfers could pass through the system undetected. Over a period of more than twelve years hundreds of millions of dollars were involved. I wonder if Lloyd's will come out top of the Readers Digest 'most trusted' survey for 2009. I suspect they probably will!