Love-rat banker sees shareholders demand succession plan

Weeks after a British tabloid exposed Portuguese love-rat banker António Horta Osório on a business trip with a blonde, clients of Lloyds bank are apparently not taking the story in their stride. The Financial Times claims “investors fear the bank is over-reliant” on Osório and “what happened over the summer has heightened the keyman risk at Lloyds”. Chairman Norman Blackwell is being pressured to “do more to address” the issue, says the FT.

The news comes after Observador website in Portugal suggested the controversy was calming, and British papers no longer had any interest in the embarrassing love-triangle (click here).