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Bischoff news fails to inspire Lloyds
28.07.09
Lloyds Banking Group shares rose just 1.5% on news that veteran banker Win Bischoff is to take over as chairman from Sir Victor Blank in September.
The appointment, which has been the worst-kept secret in the City for weeks, was cautiously welcomed by analysts.
Bischoff, 67, is a former chairman of Citigroup and comes less than untarnished by the US bank's troubles. Lloyds shares were 1.37p higher at 84.66p.
