Lloyds chairman set to stand down

Press Association

The chairman of Lloyds Banking Group is to step aside within the next year after hailing "significant progress" in the bank's recovery plan.

Since becoming chairman in September 2009, Sir Win Bischoff has worked with management in stabilising the business and readying it for the potential sale of the Government's 39% shareholding.%VIRTUAL-SkimlinksPromo%