Glen Moreno, a non-executive director at banking giant Lloyds, has dipped into his savings to buy £44,180-worth of shares.

The 68-year-old, who joined the board in March 2010, purchased 200,000 shares at 22.09p each.

Moreno is also the chairman of Pearson, the media group, and director of Fidelity International, one of the world's largest fund management companies.

Earlier this month Lloyds was warned that credit ratings agency Moody's could downgrade its A1 unsecured debt rating.

The preceding week the company announced that chief executive Horta-Osorio had been diagnosed with extreme fatigue due to overwork and had been ordered by his doctors to rest, wiping £1bn off its share price even though he promised to return to work before Christmas.

The firm has lost 65.34% on its share price over the past year, equivalent to 41.4p.


Top Director Buys

Sirius Minerals (SXX)
Director name: Mr Russell Scrimshaw
Amount purchased: 1,000,000 @ 23.65p
Value: £236,500

Capital Shopping Centres Group (CSCG)
Director name: Mr John Whittaker
Amount purchased: 50,782 @ 302.20p
Value: £153,463

Lloyds Banking Group (LLOY)
Director name: Mr Glen Moreno
Amount purchased: 200,000 @ 22.09p
Value: £44,180

Brooks Macdonald Group (BRK)
Director name: Mr Nicholas Holmes
Amount purchased: 3,361 @ 1,183.50p
Value: £39,777

Renewable Energy Generation Ltd. (WIND)
Director name: Mr Andrew Whalley
Amount purchased: 80,000 @ 48.00p
Value: £38,400

Porta Communications (PTCM)
Director name: Mr David E Wright
Amount purchased: 235,000 @ 8.00p
Value: £18,800

Telecity Group (TCY)
Director name: Mr Michael Tobin
Amount purchased: 3,000 @ 568.75p
Value: £17,062

Admiral Group (ADM)
Director name: Mr Manfred Aldag
Amount purchased: 1,919 @ 870.00p
Value: £16,695


Top Director Sells

Associated British Foods (ABF)
Director name: Mr John Bason
Amount sold: 82,837 @ 1,073.00p
Value: £888,841

Associated British Foods (ABF)
Director name: Mr George G Weston
Amount sold: 68,712 @ 1,073.00p
Value: £737,280

Related share prices
Associated British Foods (ABF) share price
Lloyds Banking Group (LLOY) share price
Capital Shopping Centres Group (CSCG) share price
Admiral Group (ADM) share price
Brooks Macdonald Group (BRK) share price
Renewable Energy Generation Ltd. (WIND) share price
Sirius Minerals (SXX) share price
Telecity Group (TCY) share price
Porta Communications (PTCM) share price