May 18: Blank steps down as Lloyds chairman

Shares in Lloyds Banking Group jumped in opening trade on Monday after the bank announced over the weekend that Sir Victor Blank would step down as chairman before June 2010. Peter Thal Larsen, banking editor, tells Daniel Garrahan that be Sir Victor will be widely remembered for the much-criticised takeover of HBOS. Produced by Darryl Thomson. GB