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)
Copyright (c) 2024 Dow Jones & Company, Inc.-
5 Stocks to Buy While They’re Trading at Big Discounts
-
Markets Brief: Tech Stocks Lead Ahead of Nvidia Earnings
-
How Anti-Obesity Drugs Are Innovating the Healthcare Market
-
What’s Happening In the Markets This Week
-
Why Immigration Has Boosted Job Gains and the Economy
-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
Should You Buy and Hold an Artificial Intelligence Portfolio?
-
3 Cheap and Dependable Dividend-Growth Stocks to Buy
-
The Best Bank Stocks to Buy
-
After Earnings, Is Roblox Stock a Buy, Sell, or Fairly Valued?
-
After Earnings, Is Lyft Stock a Buy, a Sell, or Fairly Valued?
-
8 Stock Picks in the Apparel Industry
-
Baidu Earnings: Advertising Weakness Offset by Continued Growth In Cloud Business
-
Going Into Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?