Entries tagged "Lloyds Banking Group"
The pain continues in the finance industry as AIG cut 300 while Lloyds slashes 5,000. If that wasn't enough, Calyon analyst Mike Mayo warns if unemployment hits 11% another financial crisis may ensue.
The U.K. bank appears to have negotiated its way through Brussels' regulatory minefield without triggering a major explosion and is on track to reduce its dependence on the U.K. government.
Although Sir Win Bischoff sat on Citigroup's board during the run-up to the credit crisis, the fact seems to be of little concern to Lloyds Banking Group.
The latest layoff reports and rumors are at Lloyds Banking , ABN Amro/Fortis Bank and Julius Baer.
Reports are Lloyds Banking Group (NYSE:LLOY), Bank of America Corp. (NYSE:BAC), Capital One Financial Group (NYSE:COF) and Sovereign Bank (NYSE:SOV) will be laying off employees.
