Wed, Jun 29 2011
New Lloyds CEO cuts 15,000 jobs in revival plan
LONDON (Reuters) - Lloyds will axe 15,000 jobs and halve its international presence, a plan its new boss hopes will save 1.5 billion pounds ($2.4 billion) a year by 2014 and return the part-nationalized British bank back to health.
Sudip Kar-Gupta and Steve Slater
LONDON
Thu Jun 30, 2011 6:53am EDT
link-
http://www.reuters.com/article/2011/06/30/us-lloyds-idUSTRE75T0YT20110630