Lloyds May Cut Another 15,000 Jobs: Report

Lloyds Banking Group PLC LYG is planning to reduce 15,000 jobs as part of a new 1 billion pounds ($1.6 billion) cost-saving plan, the Sunday Telegraph reported. Lloyds last week reported that it would cut 300 jobs across its retail, wholesale and wealth units. It has cut about 27,500 jobs over the last two years. LYG shares dropped 0.66% to $3.02 in after-hours trading. Read more from Benzinga's Company news.