Lloyds, Virgin Money and Direct Line to cut 2,000 jobs
(The Guardian Business News)

Lloyds and Direct Line say growth in online banking means footfall in branches is decliningMore than 2,000 jobs are to be axed at Lloyds Banking Group, Virgin Money 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...