‘BONKING’ BANKER: I’M SORRY
Boss’s apology to 75,000 staff
THE boss of banking giant Lloyds has issued a humiliating apology after being caught allegedly cheating on his wife.
Father-of-three Antonio HortaOsorio told 75,000 staff he regretted damage done to the bank’s reputation since the affair.
It is claimed the Portuguese banker had a fling when attending a conference in Singapore with Dr Wendy Piatt, 45, boss of the Russell Group of UK universities.
Mr Horta-Osorio, 52, who earned £8.5million in 2015, used a memo to employees to deny he spent £4,000 of the bank’s money on entertaining Dr Piatt. He said: “I pay for my personal expenses and only reclaim what is a business expense. “But I deeply regret being the cause of so much adverse publicity and the damage that has been done to the group’s reputation. “I have been a strong advocate of expecting the highest professional standards from everyone at the bank, and that includes me.” Lloyds, partly taxpayer owned, announced last month it is cutting 3,000 jobs and shutting 200 branches.
REGRETS Antonio Horta-Osorio