By Jonathan Davies

Lloyds Bank has paid its top managers more than £2 million in bonuses, weeks after it was handed a £117m fine mishandling PPI compensation claims.

The bank initially deferred £2.6m worth of bonuses for 2012 and 2013, the time covered by the Financial Conduct Authority (FCA) fine.

But now Lloyds has released shares from the deferred bonuses. The majority of the the executive committee received around 75% of the share award.

Some related to the 2014 financial year, but the bank didn't make it clear how much related to the fine periods.