Breaking news: Lloyds bank plans to cut 3000 jobs and shut 200 branches

Lloyds Bank plans to cut 3000 jobs and close 200 branches post Brexit. The bank is preparing to cut interest rates following Britain's decision to quit the European Union.

The news follows an announcement by the lender in April that it planned to axe hundreds of jobs and close 21 branches during July.

Given the uncertainty, it is too early to determine the impact on our formal longer term guidance at this stage.

However, while the business will remain highly capital generative, it is possible that this capital generation may be somewhat lower in future years than previously guided.

– LLOYDS STATEMENT

Five headlines you're waking up to this morning

Barack Obama and Democratic President Nominee Hillary Clinton

  1. Barack Obama passes the torch to Hillary Clinton. During a heartfelt address on the third night of the Democratic National Convention, the US president boldly stated that Mrs Clinton was more qualified than even himself and former president Bill Clinton to lead the country, explaining: "There has never been a man or a woman - not me, not Bill, nobody - more qualified than Hillary Clinton to serve as president of the United States of America."

  2. There has been a breakthrough in the treatment of Alzheimer's disease with a drug that could slow or even stop the disease. Results from drugs trials report that the treatments helped stall the mental decline of participants and key areas of their brains shrank a third less than other trial participants.

  3. A woman who was abondoned in a phone box when she was hours old, has been reunited with the man who found her. Kiran Sheikh wants to thank the stranger who saved her in the middle of the night 22 years ago.

  4. House prices will climb by £40,000 in the next five years, despite the effects of Brexit. The Centre for Economics and Business Research say things will slow in the next few months before picking up into 2017.

  5. There are calls to boycott burger restaurant chain Byron after claims it helped the Home Office deport it's own members of staff. Employees were invited to a health and safety meeting which lead to arrest of 35 people for suspected immigration offences.

Your biological clock could be longer than you think

It's really not until you get to about 44, 45 that there's a really sharp turn off

– Prof Robert Winston says women are fertile for longer than we're led to believe

He's a doctor, a scientist, a broadcaster... and proud dad of James Corden's producer, who just happens to be best mates with Harry Styles!

There was much to chat about with Professor Robert Winston this morning, including his new science book for children, his views on Brexit and why women in their 30s might not be leaving it too late to have children after all.

He told Piers and Susanna that despite regular reports that women are risking missing out on parenthood by delaying conception, there is a "conflict of interest" with private clinics wanting to start fertility treatment on younger women.

"Actually, even at the age of 40, your chances of getting pregnant spontaneously are pretty good if you keep trying", he told us.

"It's really not until you get to about 44, 45 that there's a really sharp turn off."

F1 boss's mother-in-law kidnapped in Brazil

It is a daily outcome out there

– Mark Harris, hostage negotiator

As the mother-in-law of Formula One tycoon Bernie Ecclestone is held hostage by kidnappers in Sao Paulo, who are reportedly demanding around $36.5 million in ransom, we speak to hostage negotiator Mark Harris.

Aparecida Schunck, the mother of Ecclestone's third wife, Fabiana Flosi, was seized on Friday night, Brazilian news magazine Veja and other news organisations have said.

We discuss the chance of her safe return and whether the F1 chief is likely to give the kidnappers what they want - plus the overall unrest in Brazil and what it could mean for the forthcoming Olympics.

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Heroic commuter still shaken from Leytonstone knife attack

In my mind, I could have done more. I could have taken him down.

– Amazingly, Dave Pethers doesn't believe he's a hero

Last December, Muhaydin Mire attacked passengers with a knife at Leytonstone tube station but found himself confronted by fellow commuters including a bystander who shouted the famous line: "'You ain't no muslim bruv". Mire was eventually charged with attempted murder and is due to be sentenced later today.

We speak to one of the commuters, Dave Pethers, who decided to intervene. He describes the shocking events which have left him deeply affected.

In an emotional interview with Piers and Susanna, he refuses to be called a hero and says he wishes he could have done more. But as Piers points out, his actions almost certainly saved lives, so in our book he is a real hero.

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UK churches urged to review security after France attack

British churches have been urged to review their security after the horrific murder of elderly priest, Father Jacques Hamel, in Normandy.

The attack was committed by two Islamic State followers who were subsequently killed by police.

We speak to The Most Reverend Bernard Longley and former Special Branch officer Chris Hobbs.

Top five headlines you're waking up to

Father Jacques Hamel still regularly officiated at mass in Saint Etienne

Credit: Ina Societe

  1. France remains in shock after two Islamic State followers slit the throat of elderly priest, Father Jacques Hamel. The attackers stormed a Normandy church and took hostages before they were killed by police. The men apparently forced Father Jacques Hamel to kneel before killing him and filming it. Adel Kermiche, 19, has been named as one of the attackers - he was on probation and had twice attempted to travel to Syria. Work to identify the second attacker is still ongoing.

  2. Hillary Clinton has secured the Democratic Party's nomination to become the first woman to be put forward for president by a major US political party. Bill Clinton has appealed to voters to elect his wife as the next US president in a speech in which he called her the best "change-maker" he has ever known.

  3. The husband of a British beauty therapist who died in Pakistan has claimed she was the victim of an honour killing for marrying a man outside the family. Samia Shahid, 28, who was originally from Bradford, West Yorkshire, died while visiting relatives in her ancestral Punjab village of Pandori last Wednesday.

  4. President Obama's Kenyan half-brother Malik Obama wants to make America great again - so he' s voting for Donald Trump "because he speaks from the heart" and provides "something fresh". We will be speaking exclusively to the 58-year-old in today's show.

  5. The Government needs to re-affirm its commitment to a national minimum broadband speed across the country to stop hundreds of thousands of homes and businesses falling into a digital twilight zone, according to The Local Government Association (LGA).

The rise in hate crimes

Following the EU referendum, the number of hate crimes reported to police in the UK have increased dramatically with campaigners fearing that many more incidents go unreported.

A hate crime is defined as a criminal offence motivated by hostility or prejudice against someone's race, religion, sexual orientation, disability or gender.

Amber Rudd, the Home Secretary, is set to launch a new hate crime action plan, including a drive to punish offenders more harshly by ordering prosecutors to press for tougher sentences in court. A £2.4 million fund is also due to be set up to pay for protective security measures at synagogues, churches and mosques.

We hear from people recently affected both online and in public. We also speak to Jonathan Sacerdoti from the group Campaign Against Antisemitism and Director of Prosecutions, Alison Saunders.