Lloyds axes 420 personal finance jobs

The move brings the total number of jobs cuts in the group to more than 22,500 in the past two years since it took over HBOS in 2008. Black Horse Personal Finance will cease operating in February next year having already closed its high street presence earlier this year. Its main centres of operation are in Edinburgh and Cardiff. The Black Horse Motor Finance division will remain open for business and the bank said existing Black Horse Personal and Retail Finance customers will be unaffected. David Oldfield, chief operating officer, wholesale at Lloyds Banking Group, said: "The ann...