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Share Sale Marks Comeback for Lloyds and Its CEO
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Antonio Horta-Osorio of Banco Santander, is a Portuguese native who took up the task of turnaround of Lloyds Bank after the British government took a 39% stake in the bank during the financial crisis. He is credited with a major turnaround, making it possible for the government to sell 6% of its stake earlier than anticipated. He reduced the dependence on short term funding sources and sold off assets overseas. He has also strengthened its retail banking operations in Britain. He took on the task with a micromanaging approach and had to be admitted to a rehab clinic after 5 sleepless nights. Following this period of two months of recovery the Board rehired him in Jan 2012 and he delegated tasks to other managers. Osorio was a senior manager at Banco Santander when he took up the Lloyds job. The stock price of Lloyds has soared in 2013.
Management profiles for 2013- Antonio Horta-Osorio of Lloyds Bank
09/25/2010
Grouped Articles
Share Sale Marks Comeback for Lloyds and Its CEO
Wall Street Journal 09/18/2013
The future of Lloyds: Stuff happened
Economist 09/25/2010
Lloyds Banking Group strategy
09/25/2010
Grouped Articles
Bank Bailout Blues Stall U.K. Recovery
Wall Street Journal 05/14/2013
Share Sale Marks Comeback for Lloyds and Its CEO
Wall Street Journal 09/18/2013
The future of Lloyds: Stuff happened
Economist 09/25/2010
British Government to Sell a Big Stake in Lloyds Bank
New York Times 03/25/2014
Lloyds Banking CEO to Lay Out Sustainable Strategy
Wall Street Journal 06/29/2011
Lloyds CEO Suffered From Bout of Insomnia
Wall Street Journal 12/16/2011
UK Financial Investment Limited, which manages the UK government's stake in bailed out banks including RBS, LLoyds
09/25/2010
Grouped Articles
Wall Street Journal 09/17/2013
Share Sale Marks Comeback for Lloyds and Its CEO
Wall Street Journal 09/18/2013
RBS Puts Too Much Stock in Its Bad Bank
Wall Street Journal 11/02/2013
RBS to Accelerate Sale of Citizens
Wall Street Journal 11/02/2013
The future of Lloyds: Stuff happened
Economist 09/25/2010
RBS Works at Pleasing Master, Clients
Wall Street Journal 02/24/2014
Lloyds Bank performance
09/25/2010
Grouped Articles
Share Sale Marks Comeback for Lloyds and Its CEO
Wall Street Journal 09/18/2013
The future of Lloyds: Stuff happened
Economist 09/25/2010
British Government to Sell a Big Stake in Lloyds Bank
New York Times 03/25/2014
Lloyds Pays $370 Million to Settle Rate Probe
Wall Street Journal 07/29/2014
Lloyds Banking Group management
09/25/2010
Grouped Articles
Bank Bailout Blues Stall U.K. Recovery
Wall Street Journal 05/14/2013
Share Sale Marks Comeback for Lloyds and Its CEO
Wall Street Journal 09/18/2013
The future of Lloyds: Stuff happened
Economist 09/25/2010
British Government to Sell a Big Stake in Lloyds Bank
New York Times 03/25/2014
Lloyds Banking CEO to Lay Out Sustainable Strategy
Wall Street Journal 06/29/2011
Lloyds CEO Suffered From Bout of Insomnia
Wall Street Journal 12/16/2011
The problems at RBS and Lloyds banks slowing Britain's economic recovery in 2013-2014
09/25/2010
Experts such as Adam Posen say Britain failed to add enough capital to RBS and Lloyds banks and take aggressive acion, resulting in slow progress and limiting Britain's economic recovery. The government acquired large stakes in both banks during the global financial crisis of 2008-2009. The total assets of the two banks exceed Britain's GDP.
Grouped Articles
Bank Bailout Blues Stall U.K. Recovery
Wall Street Journal 05/14/2013
Wall Street Journal 06/13/2013
New York Times 06/12/2013
Royal Bank of Scotland Names New Chief Executive
New York Times 08/02/2013
Wall Street Journal 09/17/2013
Share Sale Marks Comeback for Lloyds and Its CEO
Wall Street Journal 09/18/2013
Lloyds Banking Group international retail banking
09/25/2010
Grouped Articles
Bank Bailout Blues Stall U.K. Recovery
Wall Street Journal 05/14/2013
Share Sale Marks Comeback for Lloyds and Its CEO
Wall Street Journal 09/18/2013
The future of Lloyds: Stuff happened
Economist 09/25/2010
Lloyds Joins U.K. Banks' Overseas Retreat
Wall Street Journal 07/01/2011
Lloyds CEO Suffered From Bout of Insomnia
Wall Street Journal 12/16/2011
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