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Print Print edition: 2012-01-19

Lloyds axes 700 jobs

Published Updated

Part-nationalised British bank Lloyds is cutting 700 jobs within various parts of the group, as part of a broader plan to reduce 15,000 roles first announced last year. Lloyds, which is 40-percent owned by the British government after it was bailed out during the 2008 credit crisis, said the cuts would occur within its operations, executive and risk departments, as well as at its wealth, international, wholesale and community banking arms.

Copyright Reuters, 2012

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