Age, Biography and Wiki

Eric Daniels was born on 14 August, 1951 in Dillon, Montana U.S., is a John Eric Daniels is banker. Discover Eric Daniels's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 72 years old?

Popular As N/A
Occupation Business executive
Age 72 years old
Zodiac Sign Leo
Born 14 August 1951
Birthday 14 August
Birthplace Dillon, Montana U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 14 August. He is a member of famous Business executive with the age 72 years old group.

Eric Daniels Height, Weight & Measurements

At 72 years old, Eric Daniels height not available right now. We will update Eric Daniels's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

Family
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Wife Not Available
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Children Not Available

Eric Daniels Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Eric Daniels worth at the age of 72 years old? Eric Daniels’s income source is mostly from being a successful Business executive. He is from United States. We have estimated Eric Daniels's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Business executive

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Timeline

1951

John Eric Daniels (born August 14, 1951) is an American banker, and the former chief executive officer (CEO) of Lloyds Banking Group.

He was born in Dillon, Montana, the son of a German university professor and a Chinese mother, who met at the University of California, Berkeley.

He went to high school in New Jersey.

1973

He received a bachelor's degree in History at Cornell University in Ithaca, New York graduating in 1973, then a master's degree in Management at the MIT Sloan School of Management in Cambridge, Massachusetts leaving in 1975.

1975

He worked with Citibank from 1975, based in Panama for five years, then worked in Argentina.

1980

In the late 1980s, he spent three years in London.

1998

He became chief operating officer of Citibank Consumer Bank in 1998.

Citibank and Travelers merged in 1998 and he became chairman and CEO of Travelers Life and Annuity.

2000

From 2000 he was chairman and CEO of Zona Financiera, a small short-lived internet startup company, which failed in 2001.

2001

He joined Lloyds TSB in 2001 as head of retail banking.

Sources said that Daniels had legitimately kept his non-dom status when he joined the board of Lloyds TSB in 2001.

2003

He became CEO of Lloyds TSB in June 2003, and of Lloyds Banking Group in January 2009 after the merger with HBOS.

He built a reputation for being quietly spoken, thoughtful and not prone to superlatives - what many would describe as excellent, he would say was "pleasing".

2008

One of the key issues concerned Lloyds takeover of HBOS in 2008, and the amount of due diligence carried out before the acquisition.

He said that a company would always like to do more due diligence on another company, but there are limits on how much is possible prior to an actual acquisition.

The resultant losses were significantly higher than the £10 billion expected, over 10 times that figure, owing to flawed credit policies, ineffective Governance, and irresponsible management.

2009

He was questioned about the banking crisis during a session of the Treasury Select Committee of the House of Commons on February 12, 2009.

Lloyds' chairman Sir Victor Blank confirmed in an August 2009 interview with the BBC's Robert Peston that losses had been "at the worst end of expectations", but what had surprised the Lloyds board was the speed at which the losses happened, due to the unexpectedly sharp contraction of the world economy in the last quarter of 2008 and the early part of 2009.

Criticisms have been voiced about his tax status.

2010

On 20 September 2010 it was announced that he would be retiring as Chief Executive of Lloyds.

He did not receive an expected bonus of £2.3 million in 2010, following the announcement of a further £6.3 billion loss by Lloyds TSB under his leadership.

2012

In February 2012, he was forced to surrender up to £700,000 of a £1.45m bonus, after the mis-selling of PPI credit insurance to customers.