Lloyds Banking Group has announced 585 further job losses, as it moves to close its 58 Black Horse personal loan centres.
This follows on from the 13,000 positions the bank culled last year including contractors, temporary staff and overseas workers, in the wake of its merger with HBOS in 2008.
The Unite Union said it was ‘deeply disappointed' by the decision and cautioned the bank, which is 43% taxpayer owned, against a repetition of last year's mass lay offs.
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The majority of financial advisers (85%) believe the number of self-invested personal pension (SIPP) providers will continue to fall in the coming year, according to Dentons Pension Management research.
Short-term noise or something sinister?