Eric Daniels - a clarification

Published on Monday 3 November 2008 21:03

AN ARTICLE (The Scotsman, 31 October 2008) quoted remarks made in an interview with the chief executive of Lloyds TSB, Eric Daniels.

Mr Daniels insists that the article misrepresented his views on the heritage of the Bank of Scotland. He says he is certainly not indifferent to that heritage and did not use that word in the context that was presented in the article.

We accept that Mr Daniels did not, as suggested in the article, admit that he was "indifferent" to the 300 year heritage of the Bank of Scotland.

He says the word was used in the context of choice of executive staff and was intended to mean that they would be chosen impartially, regardless of their background in one bank or the other.

We are happy to clarify our article in this way.