Lloyds (LLOY)Today 11:33
Sabadell's UK arm TSB plans fresh job cuts, branch closures
LONDON, May 8 (Reuters) - TSB, the UK banking arm of Spain's Sabadell, is seeking 250 job cuts and 36 branch closures, a spokesperson for the bank a...
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Lloyds sells £1bn of loans
Tue, 20th Sep 2011 10:20
Lloyds Banking Group has launched the sale of £1bn of commercial property loans, according to a report in Reuters, citing sources "with knowledge of the matter."Reuters said that the part-nationalised lender's sale of loans is being handled by investment bank JP Morgan Cazenove.News of the sale of loans comes the day after Lloyds announced the departure of two of its boardroom members, finance director Tim Tookey and Scottish Widows' deputy chairman Lord Sandy Leitch. ---RG
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