Lloyds Banking Group has set aside an extra £900m in payment protection insurance (PPI) provisions and confirmed it will cut 9,000 jobs as part of a switch from high street to digital banking.
Reporting pre-tax profits of £1.6bn for the nine months to 30 September, the state-backed lender said 9,000 jobs will go and a net 150 branches will be closed by 2017 as it invests £1bn in digital products...
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