Lloyds Banking Group Plans Job Cuts Following Review, FT Reports
--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)
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