Lloyds Bank: mission accomplished

Lloyds has reported strong results. Could this be the time for the man who masterminded its turnaround to move on? Ben Judge reports.

Lloyds has reported strong results. Could this be the time for the man who masterminded its turnaround to move on? Ben Judge reports.

"More than eight years after receiving one of the largest bailouts of the global financial crisis, Lloyds Banking Group appears to be back as a steady UK retail bank," says Emma Dunkley in the Financial Times. In February, the firm posted annual profits of £4.2bn, more than double what it made in 2015 and the biggest increase for ten years.

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Ben Judge

Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.

Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin. 

As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.