Lloyds Banking Group

Ticker LLOY

Today's data summary

Market open
% change
-1.15%
Price Pence
27.85
Change
-0.33
As of 14:10 06 Aug 2020
Market cap. Pound sterling
19,678.83 million
As of 14:10 06 Aug 2020

Latest updates

Lloyds accused of 'walking away from community banking'

The Unite union has further criticism for Lloyds Banking Group's plan to axe more workers.

Scott Doyle, Unite LBG committee chair said:

Unite accepts that banking models constantly change and update but this doesn’t need to equate to walking away from community banking and the public who have been loyal to the bank. Unite has pressed LBG to reconsider these job cuts and ensure that the bank remains rooted in the communities on which they depend for their long-term sustainability. There is no doubt that customers need experienced and highly committed banking staff in their communities and not just at the end of the phone or via an app.

BreakingLloyds Banking Group to axe 780 jobs

Lloyds Branch
Getty Images

Lloyds Banking Group has told its workers that the equivalent of 780 full-time staff will lose their jobs between June and October 2020 in the latest round of job losses at the bank.

Scott Doyle, Unite LBG committee chair said:“The decision is yet more evidence of the bank’s profits over people culture. “The Bank of Scotland, Lloyds and Halifax branches hit by the extensive staff cuts today will have sent shockwaves through the communities which are at present served by highly experienced bank staff."The BBC has asked Lloyds for a comment.