Lloyds Bank Chief Executive António Horta-Osório said on Monday he would step down next year after a decade at the helm, leaving Britain's biggest domestic bank to find a successor to steer it through the coronavirus fallout.
Alison Brittain, head of hospitality company Whitbread and a former head of retail banking at Lloyds, is also likely to be linked to the role, as will RSA Insurance CEO Stephen Hester and former HSBC chief John Flint, Cronin said.
The bank’s shares were up 2% on Monday following the announcement, lagging rival lenders in the FTSE 100 stock index amid a broad market rally. But he faced strident criticism from lawmakers over his high pay package and for the bank’s handling of a major fraud at its HBOS Reading branch that led to six people being jailed in 2017.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Lloyds Bank CEO António Horta-Osório to step down in 2021Lloyds Banking Group Chief Executive António Horta-Osório will step down next year after spending a decade at the helm, the lender said on Monday as it appointed industry veteran Robin Budenberg as its new chairman.
Lire la suite »
Lloyds Banking Group chief executive announces he will step down next yearAntónio Horta-Osório, the long-time chief executive of Lloyds Banking Group , will step down next year in what will be his tenth year in the position, the U.K. bank said Monday. Horta-Osório said he plans to leave in June. No successor was named. The bank also said that Robin Budenberg will take over as chairman next year, replacing Norman Blackwell who had already announced he was retiring. Budenberg helped manage the U.K. government's investment in U.K. banks as chief executive, and then chairman, of UK Financial Investments.
Lire la suite »
UK Treasury, British Business Bank reviewing access to state-backed loan schemes - TelegraphBritain's Treasury and British Business Bank officials are reviewing access to state-backed loan schemes after the European Union relaxed state aid rules, The Daily Telegraph reported.
Lire la suite »
Commerzbank fined 650,000 euros for deals with defunct Cypriot bankCyprus's securities regulator on Friday imposed a 650,000 euro ($730,800) fine on Germany's Commerzbank for its role in transactions carried out by a local bank that collapsed during the country's 2013 financial crisis.
Lire la suite »
Deutsche Bank sees China's 'V-shaped recovery' moderating in the second half of 2020Recent economic data releases have continued to indicate the Chinese economy is recovering from the coronavirus pandemic.
Lire la suite »
The World Bank abandoned plans to launch a fresh set of pandemic bonds for developing countries after widespread criticism | Markets InsiderThe World Bank has scrapped plans to issue a second set of pandemic bonds for the relief of developing nations suffering from the COVID-19 outbr...
Lire la suite »