500 jobs for Lloyds spin-off

Taxpayer-backed Lloyds Banking Group announced 500 new jobs today at a business it is being forced to spin off by European regulators.

Lloyds said it would add five UK support sites – in Gloucester, Livingston, Birmingham, Sunderland and Swansea – to the sale of its Verde business, which already includes 632 branches. The new jobs will be spread across the five sites.