Lloyds appoints UK Santander boss
Lloyds Banking Group has named Santander's UK boss, Antonio Horta-Osorio, as the successor to outgoing chief executive Eric Daniels.
Mr Horta-Osorio will join Lloyds early next year before taking on the top post on March 1st. He has been UK chief executive at the Spanish banking group since August 2006.
Ralph Silva is a banking analyst at SRN and he outlined the challenges facing Mr Horta-Osorio.