Lloyds Targets 15,000 Job Cuts, 1.5 Billion Pound Savings

Lloyds Banking Group Plc, 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: BusinessWeek

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