Lloyds Banking Group said Monday Chief Executive Eric Daniels will step down next year, having turned the lender into the dominant player in U.K. retail banking at the expense of a massive government bailout. Chairman Win Bischoff will lead a committee to find a replacement for Daniels, who will remain in his role until the search process is successfully completed, the bank said in a brief statement.
Lloyds Banking Group CEO will retire within a year
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