ABC News – by GREGORY KATZ, AP
Britain’s Lloyds Banking Group said Tuesday it will eliminate 9,000 jobs over the next three years and shut some 200 branches in a bid to improve efficiency.
The group has been partly owned by the British taxpayer since it was rescued during the financial crisis and has been under pressure to cut costs.
Its executives had pledged three years ago to keep its number of branches at a consistent level despite the cuts, but Chief Executive Antonio Horta-Osorio said Tuesday that strategy has now changed. Continue reading “Britain’s Lloyds Bank to Cut 9,000 Jobs”

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