Lloyds boss fails to practise what he preaches

Today the Sun have splashed on the revelation that Antonio Horta-Osorio, the married boss of Lloyds Bank, managed to combine business and pleasure on a recent trip a banking conference in Singapore. Horta-Osorio is alleged to have met his mistress Dr Wendy Piatt — a former special adviser to Tony Blair — at the five-star Mandarin Oriental hotel, reportedly even using his state-owned Lloyds Bank address for the booking.

While it is currently unclear whether the £4000 hotel bill was paid from his own money or expenses from the bank — which is nine per cent owned by British taxpayers — Mr S suspects he is on a sticky wicket either way. When he took the job in 2011, Horta-Osorio pledged to lead by example and later installed a ‘Code of Responsibility’ which implored employees to ‘do the right thing’, risk-assess all decisions and make sure they would be happy to tell family and friends about their actions.