he did - but as touched on in one of your aricles his micro mgmt was considered excessive and unhealthy by quite a few but his main problem was apparently when he dropped and broke his tea pot - never tasted the same again he said LOL!! that was a joke of course - no it was really excessive micro mgmt, the fact he thought he was 'unbreakable' in his own words, and the government inquisitions and grillings which was something new to him and unliked by him - shame he didnt delegate that out there and then - his reputation has taken a massive hit now

i think the saying - 'rod for your own back' quite apt in ho's case

Wrong man for the job, in blunt terms.

lol yes - maybe head of HR is next out the door!!!

however he has created a great buy in price with his demise :-))))

obviously wish the guy a speedy recovery

The clean-out of the executive floor by Horta-Osorio has done little for morale among the rank-and-file, particularly among Lloyds lifers, and it is said that talk of the them and us division was enough to anger Horta-Osorio, who is said to have regularly raised his voice to the people who reported to him.

Perhaps he was in the clean out and jumped before being pushed. Better then the usual of saying he left to pursue other interests. Good for the investor from the sound of it gibby.

Will Loyds get a refund from the recruitment agency.lol

the recruiting agency obviously do not use spec savers lol

all banks reversing right now - interesting

25p sometime this week imo.

Time to top up

Leave it till Tuesday.

StockMarketWire.com
Co-operative Group, the ultimate parent of The Co-operative Bank, has confirmed that it intends this week to submit a second round bid for 632 branches being sold by Lloyds Banking Group.

Lloyds is being forced to sell the branches under European Commission competition rules.

The Co-op merged its banking division with Britannia Building Society in 2009 which increased the number of its high street branches to 342.

Harry - I saw the RNS earlier - I'm not sure if its a good move or not.

indeed - guys in lloy are split - old timers (the ones that are left lol!) want to set up a seperate stock market company - ho's boys prefer a sale of all the branches - LOL - either way they have to go in some shape or form

mitay tuesday likely to be too late lol

Should see support around this level. Otherwise going to be all new low

12 month low is 27.00p

wouldnt worry about 27p lol - the good news keeps coming - itie letch sorry i mean pm to resign...................................... maybe he'll go on sick leave - perhaps an std more appropriate in his case LOL
11:58 7th November 2011

Former Italian minister and editor of Foglio newspaper, Giuliano Ferrara, said: "That Silvio Berlusconi is about to resign is clear. It is a question of hours, some say minutes".

yeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

as steptoe would say - 'you dirty old man' LOL LOL LOL

http://uk.news.yahoo.com/italian-prime-minister-silvio-berlusconi--to-resign-.html

07/11/11 13:48:

ISDA estimated that as much as 90% of exposure to Greece's debt might be collateralized. If so, the maximum loss related to a Greek default will be about $350 million, much less than previously estimated

Weve wondered out loud before about the euro zones obsession with not triggering payouts on credit default swaps, noting the maximum losses relating to a default on Greeces $480 billion of debt amounted to $1.85 billion. In fact, it could be even less than that: about $350 million. Thats because a significant proportion of that net exposure is secured with collateral.

This detail can be found here in a post from the International Swaps and Derivatives Association, which estimates up to 90% of the total exposure could be collateralized.

Of course, its in ISDAs interest to minimize the prospects for disruption arising from the CDS market. But its estimate further reinforces the mystery surrounding the euro zones obsession with not triggering payouts on this form of bond insurance, even as it mulls creation of its own bond insurance through the European Financial Stability Facility.

yeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa!