Lloyds

Lloyds Banking Group CEO António Horta-Osório is to return as group chief executive on 9 January 2012 after a period of medical leave.

As the eurozone crisis reaches a crescendo, the Bank of England has revealed just how much exposure UK banks have to the region's most troubled economies.

Lloyds Banking Group has offered to exchange £4.9bn of its outstanding bonds in order to raise new capital.

Lloyds Banking Group has announced the interim replacement for group CEO António Horta-Osório [pictured].

The Royal Bank of Scotland (RBS) should be broken up and the merger of Lloyds TSB and HBOS reversed as part of a radical move to end the "comfortable oligopoly" of the country's high street banks.

Credit rating agency Moody's may downgrade Lloyds Banking Group because of the sick leave taken by chief executive Antonio Horta-Osório, which could hold back the bank's restructuring plans.

Despite Lloyds posting losses this morning of £3.9bn for the year to date, Cavendish's Paul Mumford has urged investors to snap up shares in the bank as he said they could double in value in the next five years.

Lloyds Banking Group has reported a statutory loss of £3.9bn in the first nine months of 2011 after being hit with a £3.2bn provision for PPI claims.

Shares in Lloyds Banking Group have dropped by 5% after the company announced CEO Antonio Horta-Osorio was taking a temporary leave of absence.

The chief executive officer of part-nationalised British lender Lloyds Banking Group, Antonio Horta-Osorio, is taking a leave of absence for health reasons, a source with knowledge of the matter said according to reports.