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Lloyds to cut another 5,000 jobs by end of 2010

LONDON (Reuters) – Bailed-out British lender Lloyds Banking Group is to cut a further 5,000 jobs by the end of 2010 as it continues to overhaul its operations and integrate HBOS. See original here: Lloyds to cut another 5,000 jobs by end of 2010

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Lloyds to cut another 5,000 jobs by end of 2010 (Reuters)

Reuters – Bailed-out British lender Lloyds Banking Group is to cut a further 5,000 jobs by the end of 2010 as it continues to overhaul its operations and integrate HBOS. Read the original post: Lloyds to cut another 5,000 jobs by end of 2010 (Reuters)

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Lloyds unveils record rights issue

LONDON (Reuters) – Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support. The rest is here: Lloyds unveils record rights issue

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Lloyds in record rights issue, UK banks agree to shakeup (Reuters)

Reuters – Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support. See the original post here: Lloyds in record rights issue, UK banks agree to …

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Britain to create three new retail banks: reports (AFP)

AFP – Britain’s government is to create three new high street banks from bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock, according to media reports. The rest is here: Britain to create three new retail banks: reports (AFP)

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Lloyds loses as bad debts hit 13 billion pound

LONDON (Reuters) – Britain’s Lloyds Banking Group sank to a 4 billion pounds ($6.8 billion) loss in the first half, battered by a surge in bad debts from its HBOS business, but the bank told investors it was through the worst. View post: Lloyds loses as bad debts hit 13 billion …

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