LLOYDS BANK COMFIRMS 9,000 JOB LOSSES AND BRANCH CLOSURES (STA BREAKING NEWS and ARCHIVES)

by STANews , Tuesday, October 28, 2014, 13:20

<DON'T YOU KNOW TPTB WANT 1 WORLD GOV'T, 1 COMPANY TO DEAL OUT HEALTH CARE, 1 COMPANY WHERE YOU SHOP FOR ALL YOUR NEEDS, ETC, ETC?>

Lloyds Banking Group has confirmed 9,000 job losses and the net closure of 150 branches over the next three years.

The latest job losses - representing about 10% of its workforce - come on top of 43,000 cuts made since 2008.

The bank said it would concentrate on urban branch closures first and has abandoned its pledge to keep open "the last branch in town".

The group is also setting aside another £900m to cover possible payouts for the PPI mis-selling scandal.

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http://www.bbc.com/news/business-29798532