9,000 jobs to go at Lloyds: Taxpayer-backed bank slashes a TENTH of its workforce and shuts 200 branches

9,000 jobs to go at Lloyds: Taxpayer-backed bank slashes a TENTH of its workforce and shuts 200 branches

By Richard Spillett for MailOnline

Published: 02:39 EST, 28 October 2014 | Updated: 09:07 EST, 28 October 2014

http://www.dailymail.co.uk/news/article-2810625/Thousands-jobs-taxpayer-backed-Lloyds-bank-150-branches-shut.html

• Company to cut 10 per cent of its workforce in move to 'digitise' bank
• Group has already slashed 30,000 staff since the start of financial crisis
• CEO insists the move will be good for customers and shareholders
• Lloyds was handed a £20billion bailout from taxpayers in 2008

State-backed Lloyds Banking Group is to slash 9,000 jobs and shut 200 branches, it was announced today.

The closures spell an end to the bank's commitment to be the 'last bank in town' and represent around a tenth of its network of 2,000 sites.

Lloyds, which received a £20billion government bailout during the financial crisis - said customers will increasingly be expected to use online banking or self-service facilities within branches instead of dealing with staff face to face.

Lloyds Banking Group is to close 150 branches over the next three years as it cuts around 9,000 jobs

JPMorgan to slash 19,000 jobs by end-2014

Agence France-Presse 9:32 AM | Wednesday, February 27th, 2013

http://business.inquirer.net/109785/jpmorgan-to-slash-19000-jobs-by-end-2014  
NEW YORK — US banking giant JPMorgan Chase plans to eliminate 19,000 jobs by the end of 2014 as it seeks to rein in costs, the company said Tuesday in an investor presentation.

Lloyds Banking Group

T. Timothy Ryan Jr. was a director at the Lloyds Banking Group, the vice chairman for the JPMorgan Chase & Co. (Bailout Company), and is a member of the Bretton Woods Committee.

Note: Bruce McNamer is the head of global philanthropy for the JPMorgan Chase & Co. (Bailout Company), and a member of the Bretton Woods Committee.
John L. Walker was an attorney for the JPMorgan Chase & Co. (Bailout Company), and is a member of the Bretton Woods Committee.
Enrico A. Lazio was the EVP for the JPMorgan Chase & Co. (Bailout Company), a trustee at the Committee for Economic Development, and is a member of the Bretton Woods Committee.

George Soros is a member of the Bretton Woods Committee, and was the chairman for the Foundation to Promote Open Society.

Foundation to Promote Open Society was a funder for the Committee for Economic Development, and the Aspen Institute (think tank).

James S. Crown is a trustee at the Aspen Institute (think tank), a director at the JPMorgan Chase & Co. (Bailout Company), and a member of the Commercial Club of Chicago.

William M. Daley was the chairman for the Midwest region at a director at the JPMorgan Chase & Co. (Bailout Company), the chief of staff for the Barack Obama administration, is a member of the Commercial Club of Chicago, and Mayor Richard M. Daley’s brother.

Richard M. Daley is William M. Daley’s brother, a senior adviser for JPMorgan Chase & Co. (Bailout Company), a member of the Commercial Club of Chicago, was the Chicago (IL) mayor, Michelle Obama was his staffer, and Valerie B. Jarrett was his deputy chief of staff.

Michelle Obama was Mayor Richard M. Daley’s staffer, is a friend of Valerie B. Jarrett, and was a lawyer at Sidley Austin LLP.

Valerie B. Jarrett was Mayor Richard M. Daley’s deputy chief of staff, is a friend of Michelle Obama, a member of the Commercial Club of Chicago, and the senior adviser for the Barack Obama administration.

Barack Obama is the president for the Barack Obama administration, and was an intern at Sidley Austin LLP.

R. Eden Martin is counsel at Sidley Austin LLP, and the president of the Commercial Club of Chicago.

Newton N. Minow is a senior counsel at Sidley Austin LLP, and a member of the Commercial Club of Chicago.

James A. Bell is a member of the Commercial Club of Chicago, and a director at JPMorgan Chase & Co. (Bailout Company).

Glenn F. Tilton is a member of the Commercial Club of Chicago, and the chairman for the Midwest region at JPMorgan Chase & Co. (Bailout Company).

T. Timothy Ryan Jr. was the vice chairman for the JPMorgan Chase & Co. (Bailout Company), a director at the Lloyds Banking Group, and is a member of the Bretton Woods Committee.