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Antonio Horta-Osorio on Brexit issues

Antonio Horta-Osorio is the one who is heading the Lloyds which is the largest retail bank in UK. Many are the times when the CEO has been on the headline speaking about various issues about the bank in the year. The government has sold its shared held with the bank sometimes back.The government decides to release its shares from the bank sometimes back. That forced the bank into a crisis due to financial constraints. The CEO had to look for support from the government making once again making it own forty-three percent of the bank. The bank now is moving in the right direction and making profits. Antonio has been leading this retail bank since 2011. That has seen the bank turn around into fortunes gain. That does not rid the bank from challenges because the bailout from the government is looked at as something that is quite a challenge. As a recovery strategy, the bank had to close some outlets and also to lay off some workers. That was a radical move, but it has brought some improvements as the institution now is saying to be making profits.

Brexit remains a key issue in British financial growth. The bank believes its relationship with clients will go a long way in improving its performance. On that note Antonio is focusing on pushing the bank forward to develop a multichannel experience with its clients. The CEO has this to say about Brexit and banking. The banker thinks that nothing is about to put the EU apart in the near future. It is seen as a political tool to move peace across Europe. He also says that it is important for the union to hold together as too much is at stake. However a number of structural reforms will be needed in the union economies. The economy of UK did not sink even after Brexit. Most of the consumers continue as though nothing much has happened to make the economy to appear very healthy.

The way the economy is growing it is giving a bit of confidence. Definitely the businesses will need more reassuring situation about the legal and regulatory environment for their operations. The UK economy will also need to address the shortage of skills that exist across the economy. What remains is also to discuss the importance of economic growth and productivity that is necessary for the entire region. The CEO believes that to put the economy back, some effort is needed. Antonio says his contribution to the banking industry is what he values and he does not want to serve anywhere else. All that is important is to focus on areas of growth. He thinks that the bank needs to build customer trust.