Lloyds Banking Group Said to Plan 9000 Job Cuts

Lloyds Banking Group Said to Plan 9000 Job Cuts

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Business

University

Hard

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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.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the net income posted by Switzerland's second biggest bank in the third quarter?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What significant action is Lloyds set to announce next week?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What trend is leading to job cuts at Lloyds?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How much did Foxton shares drop after the company's earnings forecast?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What percentage drop in transaction sales from commissions was reported in the third quarter?

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