Feb 14 (Reuters) - State-backed Lloyds Banking Group Plc is considering confiscating a past bonus of formerChief Executive Eric Daniels over the escalating insurancemis-selling bill that sent the bank to an after-tax loss of 802million pounds last year, the Times reported.
The bank's board pay committee will meet in the next fewdays to consider whether a share-based award to Daniels in 2010should be clawed back, the paper said. ()
Daniels, who stepped down from Lloyds in 2011, is currentlya senior adviser with buyout group CVC Capital Partners. Heholds a similar advisory position at investment banking boutiqueStormHarbour.
Lloyds Banking Group could not be immediately reached forcomments by Reuters.
Lloyds took 3.5 billion pounds ($5.82 billion) more inprovisions last year to compensate customers for pastmis-selling.
The bank, owned 33 percent by British taxpayers, on Thursdaysaid it was ready to return to private ownership after reportinga pre-tax profit for the first time in three years.