Lloyds set to cut 650 jobs
Part-nationalised Lloyds Banking Group is to cut 650 jobs and stop using a network of independent agencies, prompting the closure of 265 of them and potentially the loss of hundreds more jobs. Lloyds, which is 41 per cent owned by the UK government, said the closure of an insurance site in Nottingham, central England and cuts at other locations will result in the net loss of 650 permanent full-time jobs. The bank also said it will cease using the Halifax Independent Agency business.