Lloyds 'unlikely' to sell Widows

António Horta-Osório, the new chief executive of the 41% taxpayer-owned bank, had been expected to announce plans to offload the company when he sets out his objectives at the end of June. Analysts suggested the move was part of wider plans to abandon the ‘bancassurance' model and focus on high street banking and mortgages. But Horta-Osório (pictured) believes Widows' strong cash flows and strategic balance make it a valuable asset, reports Scotland on Sunday. He also believes Widows can help rebuild the bank's relationship with its investors. Meanwhile, City analysts said this ...