Sir Win Bischoff, who left as chairman of Citigroup in February, is believed to be frontrunner to take over from Sir Victor Blank as chairman on Lloyds Banking Group. He is widely regarded by the industry as charming and affable. Financial News looks at the latest on who may take the helm of the banking group 70% owned by the UK Government.

The Times Sir Win Bischoff, the veteran banker, has emerged as favourite to be handed the chairmanship of Lloyds Banking Group. The former chairman of Citigroup would replace Sir Victor Blank, who agreed to resign in the wake of fierce criticism of the takeover last year of HBOS, the mortgage lender.