Lloyds Banking Group Said to Plan 9000 Job Cuts

Credit Suisse reported a significant increase in net income for the third quarter, surpassing analyst expectations, though its stock remained stable. Meanwhile, Lloyds plans to cut 9,000 jobs as more customers transition to online banking, continuing a trend of job reductions since its 2008 bailout. Foxton's shares fell over 15% due to anticipated declines in full-year earnings and a drop in transaction sales.

What was the impact on Credit Suisse's stock price after announcing its third-quarter net income?

• The stock price increased significantly.

• The stock price decreased significantly.

• The stock price remained mostly unchanged.

• The stock price was not mentioned.

Why is Lloyds planning to cut 9,000 jobs?

• To shift focus from in-bank to online banking.

• To expand its physical branches.

• Due to a merger with another bank.

• Because of a decrease in profits.

How many jobs has Lloyds estimated to have cut since its 2008 bailout?

• 20,000 jobs

• 9,000 jobs

• 37,000 jobs

• 50,000 jobs

What was the percentage drop in Foxton's shares after the earnings forecast?

• 20%

• 15%

• 10%

• 5%

What is the reason behind Foxton's expected decline in full-year earnings?

• A significant drop in second-half transaction sales.

• An increase in operational costs.

• A rise in competition.

• A decrease in property prices.