Knighthood for Lloyds Bank saviour

BANKER Antonio Horta-Osorio is knighted for his services to the financial industry, mental healthcare and culture.

The Portuguese ran Lloyds Bank for a decade before stepping down in April. The 57year-old father of three turned around Lloyds’ fortunes after the 2008 financial crisis – earning £60million in the process.

But in 2016 Mr Horta-Osorio was forced to apologise to employees for an extra-marital affair as he denied using more than £3,000 of company expenses to woo his lover.

He was also blamed for bungling a redress scheme designed to help scores of small business customers who were victims of a major fraud at the Reading branch of Halifax Bank of Scotland.

Mr Horta-Osorio is now chairman of crisis-stricken Swiss bank Credit Suisse.