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

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

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

Lloyds' chairman Sir Victor Blank confirmed in an August 2009 interview with the BBC's Robert Peston[3] 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.