The Unite union has said Lloyds Banking Group is to axe 400 jobs as it closes its network of Black Horse home loans centres. Since its merger with HBOS in September 2008, Lloyds has axed tens of thousands of jobs due to overlap within the banking giant. In a further blow to staff, Unite said that a

Another 200 jobs are going at Lloyds Banking Group. The merged High Street giant has ordered redundancies at the LloydsTSB and HBOS general insurance operations

The only two members of the HBOS board to have been offered jobs within Lloyds Banking Group are understood to have resigned today. Jo Dawson and Dan Watkins, who were both executive members of the HBOS board, are abruptly leaving Lloyds 15 months after the takeover was first announced. The pair are the only two HBOS board members to have been offered jobs by Eric Daniels, Lloyds' chief execu...

Banking giant, Lloyds Banking Group, has said it will return to profitability in 2010. Last month the bank, which is 41% owned by the taxpayer, posted a full-year loss of £6.3 billion. It was hit by bad debts following the acquisition of HBOS, which it took over at the height of the financial crisis in autumn 2008. However,

THE slow but sure elimination of HBOS from the banking map continues with the last of the old board leaving the Lloyds Banking Group "to pursue other opportunities".

The Council of Mortgage Lenders has named Lloyds Banking Group as the top mortgage lender for 2008, by market share. The body explains that its data assumes the merger of Lloyds TSB and HBOS took place earlier than it did in fact, to allow for a sound comparison. On this basis, the group increased its share

Lloyds Banking Group has agreed to sell the investment banking division of HBOS to possibly prevent its further break-up

HBOS is being blamed for Lloyds Banking Group reporting £4bn in losses today. The bank, which is 43% owned by taxpayers, said it had been hit by write-downs, mainly from the assets of HBOS, which it t...

HBOS is being blamed for Lloyds Banking Group reporting £4bn in losses today. The bank, which is 43% owned by taxpayers, said it had been hit by write-downs, mainly from the assets of HBOS, which it t...

Angelica Mari, Computing, Friday 26 February 2010 at 14:25:00 And technology integration is on track Lloyds Banking Group (LBG) has reduced its yearly IT spend by six per cent to £1.2bn as the financial giant continues to integrate Lloyds TSB and HBOS. According to the bank’s results released today, the cost reduction of £82m has been achieved through the consolidation of IT oper...