Lloyds Cutting 15,000 Jobs for 1.5B Pound Savings

Lloyds Banking Group Plc (LLOY) , Britain’s biggest mortgage lender, will cut 15,000 jobs and make savings of 1.5 billion pounds ($2.4 billion) by 2014, raising the efficiency savings following its purchase of HBOS Plc by more than half.

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Source: Bloomberg

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Lloyds slashes 15,000 jobs
BANKING boss Antonio Horta Osorio wields axe in bid to slash costs by £1.5BILLION
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