Bank targets €1.89bn in cost savings from merger

Fears over job security at banking giants HBOS and Lloyds TSB mounted today after cost-cutting targets from their merger were hiked to more than £1.5bn (€1.89bn).

Bank targets €1.89bn in cost savings from merger

Fears over job security at banking giants HBOS and Lloyds TSB mounted today after cost-cutting targets from their merger were hiked to more than £1.5bn (€1.89bn).

Lloyds said it now hoped to find an extra £500m (€631m) from the combined cost base after its takeover of HBOS, fuelling concerns of swingeing jobs cuts.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited