'Almost £1billion was wiped off Lloyds’ market value yesterday after the boss of the state-backed banking group went on immediate sick leave. Shares plummeted after António Horta-Osório began an enforced break barely eight months after taking on one of the biggest jobs in British finance.
The Portuguese-born banker, who became chief executive in March with a package worth around £8.3million, has been diagnosed with extreme fatigue and stress due to overwork.
Doctors ordered the 47-year-old father of three – who was also promised a ‘golden hello’ worth up to £4million in shares – to rest for six to eight weeks because he is physically and mentally exhausted. City sources say he is unlikely to return to his post.'
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