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Credit Suisse Chairman Antonio Horta-Osorio leaves the bank after two breaches of Covid rules

Credit Suisse chairman resigns over Covid-19 breaches

Credit Suisse Chairman Antonio Horta-Osorio has quit following an internal probe into his personal conduct, including breaches of Covid-19 rules, raising questions over the embattled lender's new strategy as it tries to recover from a string of scandals.

Business • 17 Jan 22

Antonio Horta-Osorio joined the Swiss bank in April to clean up its culture following a string of scandals

Credit Suisse finds breaches of Covid rules by chairman

A preliminary investigation by Credit Suisse found that its Chairman Antonio Horta-Osorio attended the Wimbledon tennis finals in July during a visit to Britain when the country's Covid-19 rules required him to be in quarantine, two sources familiar with the matter told Reuters.

Business • 30 Dec 21

Credit Suisse plans to plough an additional $3.3 billion into its private bank for the wealthy, which will be centralised into one global business

Credit Suisse pares back investment banking

Credit Suisse will pare back its investment bank and focus on building its wealthy client base, the Swiss bank said today, as it regroups following a string of scandals.

Business • 04 Nov 21

Today's results are the last for Lloyds Banking Group CEO António Horta-Osório

Lloyds Q1 profit jumps as CEO Horta-Osorio set for exit

Lloyds Banking Group has today reported better than expected profits for the first three months of the year, in the last set of results before chief executive António Horta-Osório's leaves Britain's biggest domestic bank.

Business • 28 Apr 21

Lloyds, the UK's biggest domestic lender reported pretax profits of £1.2 billion for 2020

Lloyds profits fall as it targets wealth push

Lloyds Banking Group's outgoing chief executive António Horta-Osório has set out fresh targets to expand the lender's insurance and wealth business and further cut costs as the bank resumed a dividend despite a sharp fall in profits for 2020.

Business • 24 Feb 21

António Horta-Osório has been picked as the new chairman of Credit Suisse

Credit Suisse picks outgoing Lloyds CEO as new chairman

Credit Suisse said today it has proposed outgoing Lloyds Banking Group chief executive António Horta-Osório as its candidate to succeed Urs Rohner as chairman after the latter's nearly 10 years in the job.

Business • 01 Dec 20

Charlie Nunn will replace Antonio Horta-Osorio who said in July that he would step down next year once a successor was appointed

Lloyds names HSBC's Nunn as new chief executive

The UK's biggest domestic lender Lloyds Banking has named Charlie Nunn, currently head of wealth and personal banking at rival HSBC, as its next chief executive.

Business • 30 Nov 20

Lloyds is searching for a new CEO to help steer it through the economic fallout from the Covid-19 pandemic

Covid pushes Lloyds into the red as bad debt fears rise

Lloyds Banking Group has reported a rare pretax loss in the first half of 2020, after setting aside a bigger than expected £2.4 billion second quarter provision to cover a potential hike in bad loans due to the coronavirus.

Business • 30 Jul 20

António Horta-Osório has been in charge of Lloyds for almost a decade

Lloyds Bank CEO to step down in 2021

Lloyds Banking Group chief executive António Horta-Osório will step down next year after spending a decade at the helm, the lender said today as it appointed industry veteran Robin Budenberg as its new chairman.

Business • 06 Jul 20

Lloyds Banking Group has paid £102m in compensation to 71 businesses and 191 directors over the fraud

Lloyds criticised for mistreating victims of fraud

Lloyds Banking Group has been heavily criticised for mishandling a compensation scheme for victims of one of Britain's biggest banking scandals in a report published today.

Business • 10 Dec 19

Barclays set to cut the £396,000 pension allowance it pays its CEO Jes Staley

Barclays joins rivals with cuts to CEO pension perks

Barclays is planning to cut the £396,000 pension allowance it pays chief executive Jes Staley by around half.

Business • 28 Nov 19

Lloyds ' black horse has become a symbol of the dark forces in banking', the lenders shareholders hear

Lloyds Bank attacked over mistreatment of customers

Lloyds Banking Group faced a barrage of allegations of poor customer service and withholding misconduct compensation today, laying bare the task of rebuilding customer trust after years of reputational damage.

Business • 24 May 18

Lloyds Banking Group reports pre-tax profit of £1.6 billion in the first quarter

Lloyds Bank just misses Q1 profit forecast

Britain's biggest mortgage lender Lloyds Banking Group has reported pre-tax profit of £1.6 billion in the first quarter, just missing analyst expectations of £1.82 billion.

Business • 25 Apr 18

Lloyds chief executive Antonio Horta-Osorio today unveiled a new three-year strategic plan for the bank

Lloyds Banking Group posts 24% jump in annual profits

Lloyds Banking Group has hailed a "landmark year" as it posted a 24% surge in profits and unveiled plans to invest more than £3 billion as part of a new three-year strategy.

Business • 21 Feb 18

Noel Edmonds is seeking financial redress from Lloyds after falling victim to fraud by former staff at HBOS Reading, which Lloyds rescued

Edmonds set for court battle with Lloyds

UK television star Noel Edmonds has secured litigation funding to pursue Lloyds through the courts as he seeks up to £60m in compensation from the banking giant.

Business • 31 Jan 18

Lloyds Banking Group's CEO Antonio Horta-Osorio

Lloyds gives UK economy all clear as profit rises

Lloyds Banking Group gave an optimistic assessment of Britain's economic health as the bank's third quarter pre-tax profit jumped despite higher bad loan charges.

Business • 25 Oct 17

Lloyds chief executive Antonio Horta-Osorio says he takes 'grea pride' in the bank's progress

UK should make at least £500m from Lloyds bailout

The UK government will make at least a £500m profit from its bailout of Lloyds Banking Group, its chief executive Antonio Horta-Osorio said, as the lender nears a return to private hands.

Business • 11 May 17

Lloyds bucks expectations of post-Brexit dip

Lloyds Banking Group today said its first quarter profit remained steady, defying analysts' expectations of a dip in performance at Britain's biggest mortgage lender after the Brexit vote last June.

Business • 27 Apr 17

António Horta-Osório, CEO of Lloyds, said the news was 'a moment of huge pride' for the bank

UK draws line under Lloyds Banking Group rescue

UK taxpayers have recouped all of the £20.3 billion invested in the bailout of Lloyds Banking Group during the 2008 financial crisis, British finance minister Philip Hammond said today.

Business • 21 Apr 17

Lloyds Banking Group's CEO António Horta-Osório apologises for fraud

Lloyds to compensate fraud victims with £100m scheme

Lloyds Banking Group today revealed a £100m compensation scheme today for victims of a fraud for which six people were jailed this year.

Business • 07 Apr 17

The UK government had said in October that it hoped to offload its remaining shares in Lloyds within a year

UK government cuts stake in Lloyds to less than 6%

The UK government has today reduced its stake in Lloyds Banking Group to less than 6%.

Business • 09 Jan 17

Lloyds CEO Antonio Horta-Osorio praises plan that allows UK government to sell shares in the open market

Lloyds return to private ownership 'within sight'

Lloyds Banking Group's chief executive Antonio Horta-Osorio said a return of the bank to full private ownership was "within sight".

Business • 18 Jun 15

Lloyds CEO Antonio Horta-Osorio says government housing initiative needs "tweaking"

Lloyds boss warns of UK housing bubble

The boss of Lloyds has warned that the UK government's Help to Buy scheme risks creating a dangerous house price bubble unless it is matched with a boost in housebuilding.

Business • 14 Oct 13

Lloyds share price at highest level in over two years

Shares in Lloyds hit government break-even price

Shares in Lloyds Banking Group rose above the level which the UK government regards as its break-even price following its £20.5 billion rescue of the bank.

Business • 17 May 13

LLoyds group chief executive Antonio Horta-Osorio reports ''substantial progress''

Lloyds confirms Elderfield move to bank

Lloyds Banking Group has confirmed that Ireland's financial regulator Matthew Elderfield will join the bank in October.

Business • 30 Apr 13