Britain's Lloyds Banking Group has announced it is cutting 9-thousand jobs and closing 150 high-street banks in the UK...
The latest cost cutting measures come as the group sets aside another 1.4 billion dollars to cover possible payouts for the PPI insurance scandal, while fines for the Libor rate-rigging scandal have now topped 322 million dollars.
Danny Cox from financial service firm Hargreaves Lansdown says these latest cuts will be aimed at balancing the books...
IN: We also may...
OUT: ...branch closures.
DUR: 21"
http://www.fsnradionews.com/feeds/1028lloyds-cox-1.mp3
The latest cost cutting measures come as the group sets aside another 1.4 billion dollars to cover possible payouts for the PPI insurance scandal, while fines for the Libor rate-rigging scandal have now topped 322 million dollars.
Danny Cox from financial service firm Hargreaves Lansdown says these latest cuts will be aimed at balancing the books...
IN: We also may...
OUT: ...branch closures.
DUR: 21"
http://www.fsnradionews.com/feeds/1028lloyds-cox-1.mp3