bold:>/b> FDs see positive year ahead
Philip Hampton joined the Group in June 2002 but it is reported that differences quickly developed between him and chief executive Eric Daniels and the board.
It is understood he wanted to under-play expectations on future growth, which has been overestimated in recent years.
Further divergences in opinion at Lloyds are understood to have occurred over the role of insurer Scottish Widows in the group and the sustainability of high dividends.
Lloyds TSB said the reason for Hampton’s resignation was a move away from the merger, acquisition and restructuring activity that was the strategic focus at the time of his appointment.
Deputy chief executive Mike Fairey will take over the role while a permanent replacement is sought.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements