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Lloyds set to cut more jobs


Up to 1,000 job losses are expected to be announced at Lloyds Banking Group in the latest attempt by the bailed-out bank to cut costs and bolster profitability.

People News: Deutsche Bank, UBS

Deutsche Bank - Foyer Bridge

Deutsche Bank appointed Berthold Fuerst and Richard Sheppard co-heads of mergers and acquisitions for Europe, Middle East and Africa, according to an internal memo.



Property funds halt trading as Brexit fallout deepens

The fallout from the Brexit vote reverberated through the markets on Tuesday as two more City property funds barred investors from withdrawing their cash and the Bank of England warned that risks to the financial system had begun to “crystallise”.