Lloyds CEO says bank can weather bad loans spike in coronavirus crisis

LONDON (Reuters) - The Chief Executive of Lloyds Banking Group said the lender was resilient enough to absorb a spike in bad loans through the coronavirus crisis, in a statement at the bank's annual investor meeting on Thursday.Antonio Horta-Osorio said supporting customers hit financially by the pandemic was the "right thing to do", but that this would come at a financial cost to the bank.Lloyds faced criticism for a slow start in providing emergency loans to companies left out of pocket..