Ltsb: Making a profit.

You got to admire their drive to make a profit, no matter what the cost:

A High Street bank is giving children debit cards that could let them buy cigarettes, alcohol and porn videos over the internet.

Lloyds-TSB is mailing the cards direct to children as young as 11 without telling their parents.

One 15-year-old boy used his to buy cheap cigarettes, Viagra and a fake adult ID online.

MPs, consumer groups and parents have reacted with horror. LibDem Treasury spokesman Vince Cable said: 'It is deeply dispiriting. This is clearly motivated by short-term greed.'

In the past, children aged 11 to 15 who hold current accounts were restricted to debit cards that could be used only in cash machines or at bank branches.

The new cards could let them spend large sums on the web, potentially emptying their accounts, without their parents' knowledge.

The cards are Visa-enabled, meaning they can be used anywhere that displays a Visa sign. The bank takes a fee from the retailer every time a card is used.

Lloyds-TSB insists it is up to parents to keep a check on how children use the cards and says there are safeguards to ensure they cannot be used on adult websites.

But the 15-year-old, from South Wales, had no problem buying goods supposedly restricted to adults.

His parents found out only when they received a Customs demand for duty on the cigarettes, which had been bought from a website based overseas.

Mind you the directors are not doing to badly thank you kindly, having pocketed some £12million in their piggy banks last year. Oh and pay increases of 9% in January.

The boardroom bonanza emerged as the bank faces the wrath of union leaders for imposing a pay cut on thousands of staff.

Lloyds TSB's annual report released yesterday reveals its American chief executive Eric Daniels was the biggest winner, pocketing almost £3m - up 18 per cent. This included a £1.8m bonus despite the six per cent dip in the bank's profits caused by a £280m hit from the credit crunch.

Add to that the fact that slip a penny into the red and Lloyds are more than happy to stick a huge charge on the account. After all not that you customers mind, it all go's on the running costs of a certain Mr Eric Daniels.

As I stated before:LLoyds TSB directors are cunts

My only advise to people is to shop around, after all a certain high street bank with a name ending in "West" has it's call centers here in the UK.

Go on make the switch, help put an Indian call operator out of work...

My sympathies lay with the poor fuckers still there doing the job, slogging away afeared of being fired for breathing without due care and attention and hoping to make ends meet and pay the mortgage each month.

As for Lloyds should they not be happy at my words, well fuck em with the proverbial bargepole right up the ring. They drove me to the edge and I came out a lot stronger afterwards.

I still remember the shit - will never forget -so look forward to hearing from LTSB legal dept.

Mind you they can always wheel out my libel case losing MP(Paul Flynn) for some free pr work on their behalf.

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