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Lloyds to cut 1,340 jobs under plan to boost profits

The job cuts are in retail banking, operations, finance and riskĀ and customer products and marketing.


LLOYDS Banking Group plc, Britain's largest mortgage lender, will eliminate about 1,340 jobs as part of a cost-cutting programme that started in October 2014.

The move is part of a plan to pare about 12,000 roles by 2017, the Accord labour union, which represents employees,...