Finance Layoffs: Lloyds Banking and more

Bad news for those in the finance industry. More reports of layoffs are circulating. The latest are at Lloyds Banking Group plc (NYSE:LYG) and the Federal Reserve.

• The Federal Reserve is eliminating 52 jobs in its Charlotte, N.C., branch, effective Oct. 30. The employees being cut specialize in adjusting irregularities in checks from banks. The layoffs follow cuts that eliminated 78 check-processing jobs in Charlotte in March. (BizJournals)

• Lloyds Banking Group is to eliminate an additional 200 jobs, bringing total cuts this year to 7,500. The cutbacks will come from the bank's general insurance arm. (Times Online)

• Life assurance company Friends First will cut 147 jobs from its current workforce of 540 as it restructures its business. The majority of jobs will be lost as it closes its asset finance division, Friends First Finance. (RTE Business)

Even though financial institutions are still laying off employees, several are also hiring. Check our job opening pick of the day from The Deal's Career Channel:

Senior Associate Investment Management

For a roundup of all the announced layoffs to date, check out The Deal's Pink slips on Wall Street Dealwatch or any of the links below. Also, feel free to leave us any layoff or hiring rumors you are hearing. - Sara Behunek

follow me on Twitter @sarabehunek

See Also:
Finance Layoffs: UBP
Finance Layoffs: Bank of America and D.E. Shaw

Finance Layoffs: Accenture and J.P. Morgan
Finance Layoffs: Colonial BancGroup and more
Finance Layoffs: Sovereign Bancorp and more
Finance Layoffs: Wells Fargo lays off 62

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