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Lloyds bank to cut 3,000 jobs and close 200 branches after Brexit


               
2016 Jul 30, 8:35am   331 views  1 comment

by Dan8267   follow (4)  

http://metro.co.uk/2016/07/28/lloyds-bank-to-cut-3000-jobs-and-close-200-banks-after-brexit-6033810/

The bank made the announcement alongside results for the first half of the year, which saw statutory profits more than double to £2.5 billion, but the lender warned that Brexit could have an adverse impact on its future performance.

‘Given the uncertainty, it is too early to determine the impact on our formal longer term guidance at this stage. However, while the business will remain highly capital generative, it is possible that this capital generation may be somewhat lower in future years than previously guided,’ the bank said.

#misc

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1   MisdemeanorRebel   2016 Jul 30, 10:03am  

You can rely upon the corporate media to blame it all on Brexit, however.

Lloyds Banking is to cut 3,000 jobs and close 200 branches despite doubling its pre-tax profits, as the group lamented uncertainty following the vote to leave the European Union.

A statement from the group announced it had enjoyed a £2.5bn profit in the six months to the end of June, compared to £1.2bn in the previous half year.

The total number of jobs cut since the announcement of an efficiency drive in 2014 will stand at 12,000 by the end of next year. The latest 200 branch closures come on top of another 200 already earmarked for closure at Lloyds, which is 9 per cent owned by the Government.


http://www.independent.co.uk/news/business/news/lloyds-to-axe-3000-jobs-and-200-branches-after-doubling-profits-a7159361.html

So they also cut a ton of jobs in 2014, also.

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