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Lloyds cuts 940 jobs

Lloyds Bank is to cut more than 940 jobs, taking job loss announcements at the firm to 1,300 in the past few days.

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Retail and international divisions facing cuts at Lloyds

In a statement Lloyds Banking Group said outlined the areas of the business that would be affected. It said there would be reductions within:

"The group operations, insurance, retail, wealth and international and commercial divisions. These form part of the reductions previously announced in the group's strategic review.

"Lloyds Banking Group is committed to working through these changes with employees in a careful and sensitive way. All affected employees have been briefed by their line manager today."

Unions say it marks a "bleak start to the year" Credit: Press Association

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