Lloyds Banking Group said it was reorganizing its group and wholesale operations, which would result in a loss of 2,100 jobs over the losses already announced.
Sections: business
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BING NEWS:
- Lloyds profits fall as interest rate benefits wane
Lloyds’ net interest margin (NIM) — the difference between the interest it charges on loans and the rate it pays on customer deposits — fell to 2.95 per cent from 2.98 per cent in the previous quarter ...
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Shares have been lifted by hopes Threadneedle Street will cut interest rates by half a percentage point by the end of the year and the easing of tensions in the Middle East.
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In other news, market participants and observers perceive higher-than-expected interest rates in the face of persistent inflation as the most significant threat to financial stability, the Fed said in ...
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