Lloyds Banking Group boss sorry for affair rumour

Antonio Horta-Osorio, the boss of Lloyds Banking Group, has expressed regret over damage done to the lender’s reputation following allegations about his private life.

In a memo to staff, Mr Horta-Osorio addressed reports that he had spent almost £4,000 while entertaining an alleged lover during a trip to Singapore.

The letter read: “My personal life is obviously a private matter as it is for anyone else. But I deeply regret being the cause of so much adverse publicity and the damage that has been done to the group’s reputation.