Calls for Ex-Lloyds chairman to be stripped of knighthood

A  Lloyds investor group has asked the head of the civil service to strip former Lloyds chairman Sir Victor Blank of his knighthood.

The Lloyds Action Now Association has written to ask for Blank’s case to be heard by the forfeiture committee, according to The Telegraph.

Earlier this week, former Royal Bank of Scotland chief executive Fred Goodwin was stripped of his knighthood after his firm needed a £43bn Government bail-out. Lloyds also needed a £21bn bailout while Blank was chairman at the height of the financial crisis.

Lloyds Action Now Association founder Jillian Timmis says: “It seems only right that others who have been honoured for services to the finance industry should be similarly censored when their actions have also led to the need of state funding to bail out erstwhile solvent concerns.”