Lloyds Banking Group plc (LYG)

Directors’ Deals: Black Horse pays out for directors

First up is the head of Scottish Widows, and group director of insurance, pensions & investments, Antonio Lorenzo. Lorenzo, who originally joined Lloyds from Santander, sold about £1.2mn worth of shares — approximately 2.75mn at 44.8p a share. Lorenzo runs the now strategically important wealth management division for Lloyds, which the bank is relying upon as it tries to diversify its business revenues away from the UK mortgage market.