Lloyds Banking Groups leadership has been further undermined today after an already announced high-profile hire from Royal Bank of Scotland changed his mind.
Nathan Bostock, presently RBS's head of restructuring and risk, had been due to join Lloyds next year to take charge of its wholesale banking division, informs The Financial Times.
As of 11:33 shares of Lloyds are falling by 5.76% to 23.74p.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
AB
-
The top stocks in the FTSE 100After a year of strong returns for the UK’s flagship index, which FTSE 100 stocks have posted the best performance in 2024?
-
A junior ISA could turn your child’s pocket money into thousands of poundsPersuading your child to put their pocket money in a junior ISA might be difficult, but the pennies could quickly grow into pounds – and teach them a valuable lesson about money
