Publication Date:
Thu, 2011-03-17 21:51
Lloyds, which is 40 percent owned by the British government, said the changes are part of a continuing program to integrate operations.
The 450 jobs in check and credit processing are being outsourced to iPSL.
Lloyds Banking Group was created during the banking crisis through a hastily arranged rescue of Halifax/Bank of Scotland by Lloyds TSB.
Toxic assets held by HBOS, particularly by mortgage specialist Halifax, forced the company to seek a government bailout.
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