LONDON, Dec 11 (Reuters) - Lloyds Banking Group said it did not expect failings in its sales practices whichhave been uncovered by Britain's financial regulator to have amaterial impact upon its earnings.
The Financial Conduct Authority has imposed a record 28million pounds ($46 million) fine on the bank for "seriousfailings" in the way it incentivised its sales team.
Lloyds said it had already launched a review to addressimpacts on customers that had resulted from the failings.
"We are already contacting customers, and will continue tocontact potentially affected customers over the coming months.Customers do not need to take any action at this stage to beincluded in the review and they will be contacted in duecourse," it said in a statement on Wednesday.
Lloyds (LLOY)