Lloyds Banking Group and Direct Line to cut hundreds of jobs
(The Guardian Business News)

Bank blames changing customer behaviour as insurer begins £60m cost-saving planAlmost 1,600 jobs are to be axed at Lloyds Banking Group and Direct Line Insurance in the latest spate of job losses to hit the financial sector.Lloyds said it was cutting about 780 roles across its branch network, which represents almost one in 16 of its branch-based workforce, according to the staff union Accord. In total, Lloyds employs about 70,000 staff. Continue reading...