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| Lloyds Bank confirms 9,000 job losses and branch closures | Lloyds Bank confirms 9,000 job losses and branch closures |
| (33 minutes later) | |
| Lloyds Banking Group has confirmed 9,000 job losses and the closure of 150 branches over the next three years. | Lloyds Banking Group has confirmed 9,000 job losses and the closure of 150 branches over the next three years. |
| The group, which operates the Lloyds Bank, Halifax and Bank of Scotland brands, reported pre-tax profits of £1.61bn for the nine months to 30 September. | The group, which operates the Lloyds Bank, Halifax and Bank of Scotland brands, reported pre-tax profits of £1.61bn for the nine months to 30 September. |
| The group is setting aside another £900m to cover possible payouts for the PPI mis-selling scandal. | The group is setting aside another £900m to cover possible payouts for the PPI mis-selling scandal. |
| The scandal has cost Lloyds, in total, about £11bn. | |
| Fines for the Libor rate-rigging scandal have topped £200m. | Fines for the Libor rate-rigging scandal have topped £200m. |
| The government still holds a 25% stake in the bank, but has reduced its holding from about 39% through two separate share sales since September last year. | The government still holds a 25% stake in the bank, but has reduced its holding from about 39% through two separate share sales since September last year. |
| Earlier this year, Lloyds spun off the TSB bank as a separate business to appease European Union competition authorities. | Earlier this year, Lloyds spun off the TSB bank as a separate business to appease European Union competition authorities. |
| The group also said it would invest £1bn in digital technology as more customers switch to mobile banking. | The group also said it would invest £1bn in digital technology as more customers switch to mobile banking. |
| But the banking group has returned to profitability under chief executive Antonio Horta-Osorio. | But the banking group has returned to profitability under chief executive Antonio Horta-Osorio. |
| On Monday, shares in Lloyds Banking Group fell 1.8% after the European Banking Authority's results revealed that the bank only narrowly passed the test. | On Monday, shares in Lloyds Banking Group fell 1.8% after the European Banking Authority's results revealed that the bank only narrowly passed the test. |
| Are you employed by Lloyds Banking Group? Have you been affected by the issues raised in this article? You can share your experience by emailing haveyoursay@bbc.co.uk | |
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