Lloyds Banking Group cuts 910 full-time jobs

Lloyds Banking Group PLC, Britain's largest retail bank, said Thursday it is cutting 910 full-time positions in its motor finance business.

Lloyds, which has 140,000 employees, said those affected work for the Bank of Scotland, acquired by Lloyds in January in the takeover of HBOS PLC.

The bank said 985 full-time and part-time workers were affected by the move.

Bank of Scotland had decided last year to wind down its point-of-sale dealer finance, vendor and intermediary, and specialist asset finance operations. Lloyds said it was now implementing those decisions. Lloyds will continue to offer auto finance under its Black Horse brand.

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