Lloyds Banking Group CEO Antonio Horta-Osorio is seeking to set up a sustainable strategy for better performance of the bank, The Wall Street Journal reports. The plan is expected to boost profits.
The plan will include reduction of costs by eliminating jobs and getting rid of non-core assets and units, specifically outside the U.K. The review will draft plans to concentrate on the bank’s main retail brands, such as Halifax, Lloyds TSB and Bank of Scotland, while emphasizing on customers.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from The Telegraph.