Horta-Osorio to go on medical leave

António Horta-Osório, the chief executive of Lloyds Banking Group who joined the lender at the beginning of the year, is poised to step back from his role as chief executive due to health reasons, the Financial Times reported this morning. The paper claims it will be revealed at a board meeting today that Horta-Osório, who joined the bank from Santander, has been told by his doctors to step down from the role on grounds of stress.