Lloyds Banking Group Plans Job Cuts Following Review, FT Reports
Provided by
Dow Jones
--Lloyds Banking Group is planning to cut up to 175 jobs as part of a restructuring of the business, 150 of which are in the risk-management department, the Financial Times reports.
--The FT says the job cuts follow a review of the business that found risk management was blocking the bank's progress. The bank plans to create 130 jobs on specialist risk and technical expertise, according to the FT.
--Lloyds Banking Group wasn't immediately available when approached for comment by Dow Jones Newswires
Full story: https://tinyurl.com/ycypvevu
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
April 10, 2024 01:42 ET (05:42 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
5 Undervalued Stocks to Buy to Play a Little Defense
-
Markets Brief: AI Leaders Excel In Earnings Season So Far
-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?
-
What’s the Difference Between the CPI and PCE Indexes?
-
Eli Lilly Earnings: Strong Weight-Loss Drug Sales Expand Margins
-
What the Fed’s QT Program Is, and Why Its End Matters
-
After Earnings, Is Meta Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Boeing Stock a Buy, a Sell, or Fairly Valued?
-
The 10 Best Companies to Invest in Now
-
Paramount Earnings: CEO Has Gone, For-Sale Sign Is Up; Good Results Would’ve Been Nice to Learn
-
After Earnings, Is Tesla Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is GE Aerospace Stock a Buy, a Sell, or Fairly Valued?