Lloyds ‘aligned’ with Corbyn’s City demands, says boss Horta-Osorio

Lloyds chief Antonio Horta-Osorio has defended the lender from Labour leader Jeremy Corbyn’s broadside against banks for their claimed “destructive” dominance over the UK economy.

He said Britain’s biggest high street lender was “very focussed on helping the real economy” after ditching its riskier investment bank and most of its overseas divisions, making it “completely aligned” with Mr Corbyn’s vision for Britain’s banks.

Mr Horta Osorio today unveiled a new three-year strategy to further cut costs and overhaul Lloyds for “success in a digital world”, alongside a 41pc jump in net profits to £5.3bn and a £3.2bn bonanza for shareholders.

However the improved profits still missed City expectations,…


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