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Eric Daniels

September 2018

  • Protestors hold signs behind Dick Fuld as he takes his seat to testify at a House oversight and government reform committee hearing on the Lehman Brothers bankruptcy in Washington in October 2008

    Lehman Brothers collapse: where are the key figures now?

    Ten years ago this weekend the investment bank’s bankruptcy caused panic in US and UK

November 2017

  • Rita Ora<br>FILE - In this file photo dated Tuesday, May 23, 2017, singer Rita Ora poses for photographers upon arrival at the 70th Anniversary of the Cannes Film Festival, in Cannes, southern France. A mass of top acts are slated to perform during the upcoming MTV European Music Awards, with Rita Ora due to host the Nov. 12, 2017, ceremony in London. (AP Photo/Thibault Camus, FILE)

    Observer business agenda
    Santa Claus may be coming to town, but will the shoppers go too?

    Shane Hickey
    Retailers must be finding it hard to be optimistic about Christmas trading amid dire reports of households feeling the pinch

August 2017

  • Eric Daniels

    Former Lloyds boss Eric Daniels sues bank for withheld bonuses

    Chief executive during £20bn taxpayer bailout is believed to be seeking up to £500,000 in performance-related pay

September 2016

  • Eric Daniels, former CEO of Lloyds Banking Group, in 2010

    Former Lloyds boss Eric Daniels hired by Funding Circle

    Daniels, who had to hand back most of his Lloyds bonus after the PPI scandal, will serve on the peer-to-peer lender’s risk and audit committees

March 2013

  • Former Lloyds chief executive Eric Daniels

    Lloyds pays 25 staff more than £1m as it presses on with job cuts

    Admission on pay comes as Lloyds continues to target 45,000 job cuts and offers front-line staff below-inflation pay rises
  • Eric Daniels

    Nils Pratley on finance
    Lloyds bucks trend by clawing back £1.15m from former chief's bonus

    But it is strange that Lloyds didn't bother to set out the facts about the Eric Daniels clawback clearly for its shareholders
  • Eric Daniels, former Lloyds Banking Group CEO, in 2010

    Eric Daniels, former Lloyds Banking Group chief, hired by buyout firm

    Private equity firm CVC appoints Eric Daniels as special consultant while Lloyds Bank's bill for mis-selling PPI hits £6.7bn

February 2013

  • Eric Daniels, former Lloyds Banking Group CEO, in 2010

    Former Lloyds boss defends PPI

    Eric Daniels tells MPs on the banking standards commission that the majority of payment protection insurance products had been sold correctly

March 2012

  • Eric Daniels

    Former Lloyds bosses miss out on £7m in bonuses

    Former chief executive Eric Daniels has been denied almost £2.5m of bonuses in the past year as payouts continue to be clawed back

February 2012

  •  Eric Daniels

    Lloyds to seize back bonuses from 10 senior bankers

    Decision by Lloyds Banking Group follows £3.2bn losses suffered by bailed-out bank after payouts were awarded

January 2012

  • Eric Daniels

    Business blog
    Lloyds still chasing Daniels for bonus

    Jill Treanor: As António Horta-Osório returns to his desk, it emerges that the board is still very keen to claw back the £1.45m bonus his predecessor was awarded before the bank was driven to a loss by PPI

December 2011

  • bank bonuses

    Business blog
    Are banks heeding King's bonus call?

    The Bank of England governor called for pay restraint while banks improve their capital cushions to cope with the eurozone crisis, but have they taken note?

September 2011

  • Antonio Horta-Osorio - Lloyds

    Lloyds chief Horta-Osório makes 'clean sweep' of executive board

    Tim Tookey's departure completes a clearout of the executive team at bailed-out Lloyds Banking Group

June 2011

  • Nils Pratley

    Viewpoint column
    Horta-Osório: a man the City can believe in. But can we?

    Nils Pratley
    Nils Pratley: Eric Daniels cut 28,000 jobs. Now his successor at Lloyds has announced another 15,000. Will customers go for it?

March 2011

  • Antonio Horta-Osorio - Lloyds

    New Lloyds boss receives 'golden hello' worth £4.6m

    New chief executive António Horta-Osório has been bought out of pay deals at his previous employer Santander
  • Eric Daniels, outgoing Lloyds Banking Group CEO, will face MPS

    Bankers face MPs over bonuses

    Top bankers will be grilled by MPs amid continuing anger over huge bonuses and restrictions on lending to business
  • Lloyds Banking Group

    Lloyds' new boss to speed up asset sales

    Taxpayer-backed Lloyds Banking Group is putting further UK branch closures on hold as its new boss António Horta-Osório completes a strategy overhaul
  • A Lloyds Bank sign

    Lloyds Banking Group profits rise but shares fall as chief Eric Daniels departs

    The bank took another £13.1bn of bad debt provisions for 2010 – some £5.7bn related to problems in Ireland and Australia
  • Nils Pratley

    Eric Daniels leaves Lloyds still smarting from his HBOS gamble

    Nils Pratley
    Nils Pratley: Lloyds chief leaves at the end of a week in which the wisdom of buying HBOS is once again called into question
  • A Lloyds Bank sign

    Lloyds Banking Group returns to profit as high street division booms

    Profits in the high street banking arm of Lloyds Banking Group more than tripled last year as the bailed out bank returned to full year profit of £2.2bn
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