Will Lloyds boss quit?

TOP investors fear the boss of Lloyds might be forced to quit sooner than expected after a scandal over an alleged affair.

Antonio Horta-Osorio was joined by Dr Wendy Piatt, director general of the Russell Group of universities, while attending a banking conference in Singapore.

She was spotted entering and leaving his room at a hotel, even using her own key. The chief executive ran up a bill of £3,276 during his stay in June, with £550 spent on two visits to the spa.

The bank insists no rules were broken but is under mounting pressure to reveal what was paid for on expenses, if anything.

And as the criticism of the boss continues to mount, major shareholders are beginning to question his position.

‘It is definitely something the board should be thinking hard about,’ one top 20 investor said.

A second major shareholder said: ‘Whether that is enough to drive him out, I don’t know.’

There are also concerns over a lack of possible successors to the 52-year-old boss, who took the helm in 2011, pledging to clean up the industry.

A Lloyds spokesman said: ‘Antonio has the full confidence and backing of the board in his role as chief executive, and he remains committed to the bank and delivering on its strategic ambitions.’