Axeman Lloyds bank boss set for £7million bonus after overseeing thousands of job losses

‘Lloyds bank boss Antonio Horta-Osorio is poised to pocket a bonus of more than £7million after overseeing thousands of job losses.

Portuguese banker Mr Horta-Osorio, 51, who has headed Lloyds since 2011, has just begun a second, three-year wave of cost cutting.

It will mean the loss of another 9,000 jobs and 200 branches.

But he is being rewarded for helping turn the firm’s fortunes around. The bank is expected to confirm the shares windfall for its chief executive when it announces its results.’

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