Qualified advisers answering your
Financial Questions
call 0800 092 1245

Government pulls rank on choice of Lloyds Bank chairman

After apparently being behind the ejection of Sir Victor Blank, the former Lloyds bank chairman, it is rumoured that the UK government is pulling rank again and demanding that Sir Blank's successor is an external candidate. In what many will see as an opening up of the UK banking sector to outside candidates, the government is very keen to appoint somebody whose reputation has not been tarnished by the Lloyds Bank and HBOS merger debacle or any other controversy in the sector.

This is the first time the UK government has really stepped in and demanded a change from the traditional banking procedures. However, before we all get excited and wait the appointment of a totally new and unknown figure to Lloyds bank, it is worth reminding ourselves that the eventual successor is highly likely to be sympathetic to the UK government's cause. While on the surface the UK government has been more proactive of late regarding the "blame game" it is not difficult to see that many people introduced to banks with large UK government shareholdings have been sympathetic to the UK government.

While change is slowly drip into the UK banking sector it is a painfully slow exercise which will take many years to complete.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details