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Lloyds Bank CEO Says European Banks are Laggards on Cost Control

Antonio Horta-Osorio
Antonio Horta-OsorioPhotographer: Jason Alden/Bloomberg

Lloyds Banking Group Plc Chief Executive Officer Antonio Horta-Osorio had some tough words for euro-area bank bosses, saying that no lender could be proud of its record in keeping a lid on costs.

“I don’t see any bank in Europe that has been leading in terms of its efficiency,” said Horta-Osorio, speaking at a Barclays Plc financial services conference in New York on Monday.