Things just don’t seem to be getting better for the horsey bank.

Staff at Lloyds Banking Group’s Jersey branch were secretly filmed by journalists from the BBC’s Panorama program offering to “get around” the European Savings Tax Directive. The programmed accused the bank of selling tax avoidance schemes that channel funds through China.

In response to Panorama, Lloyds said: “Any advice we offer customers is made within the context of the robust anti money-laundering systems and processes we have in place. These processes are designed to ensure that colleagues are able to identify and report any suspicious activity on the part of our customers.”

They continued: “We have been provided with information by Panorama which could suggest serious misconduct by a member of staff in one of our Jersey offices. We take these allegations by Panorama very seriously and a full and comprehensive investigation into this matter is already underway. The member of staff has been suspended pending the outcome of our investigation. If the investigation concludes that serious misconduct has occurred, then the company will take the appropriate disciplinary action.”