Lloyds Bank restructures risk management team, cutting 45 jobs and creating 130 roles to reduce costs and enhance sales.
Lloyds Bank is restructuring its risk management team, cutting 45 jobs and creating 130 specialist roles, as part of CEO Charlie Nunn's efforts to reduce costs and enhance sales. The bank aims to increase efficiency and digitization, with around 175 roles potentially becoming redundant. This restructuring comes as two-thirds of Lloyds executives view risk management as an obstacle to the bank's strategic transformation.
April 10, 2024
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