Saturday, March 2, 2013

Outrage as Lloyds loses £570m and then hands £1.5m bonus to boss António Horta-Osório

State-backed Lloyds Banking Group was under heavy fire last night after handing its chief executive a £1.5m bonus despite losing £570m in 2012.

Antonio Horta-Osorio's award was part of a £375m bonus pay-out by the loss-making bank, and produced a fresh torrent of criticism as the Government mulls selling part of its 39 per cent stake at a loss.