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Union anger as Lloyds bank set to shed another 9,000 jobs

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Lloyds Banking Group, which has 16 Halifax branches in Northern Ireland, is expected to cut around 9,000 jobs throughout the UK over the next three years

Lloyds Banking Group, which has 16 Halifax branches in Northern Ireland, is expected to cut around 9,000 jobs throughout the UK over the next three years

Lloyds Banking Group, which has 16 Halifax branches in Northern Ireland, is expected to cut around 9,000 jobs throughout the UK over the next three years

Lloyds Banking Group, which has 16 Halifax branches in Northern Ireland, is expected to cut around 9,000 jobs throughout the UK over the next three years.

The announcement of the job losses is expected to take place when it publishes its financial results next Tuesday.

Branch closures are expected to part of the announcement, with Halifax having 16 branches throughout the province.

The taxpayer owns 25% of the group after it received a £20bn bail-out during the financial crisis.

It was initially 43% taxpayer-owned, but last year the Treasury sold part of its stake.

It will be the latest round of cuts to the bank, which includes Lloyds, Halifax and Bank of Scotland.

Bank of Scotland began winding up its operations in Ireland in 2010 after lending extensively during the property boom.

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Its Ireland loan book was transferred to independent service company Certus to be wound down.

This is the latest round of job cuts.

Since 2009 30,000 jobs have been lost at the group, with another 15,000 to be lost from 2011 to end of this year.

It is believed the cuts are as a result of customers' preference for internet banking, shunning the previous familiarity of branches. Lloyds has declined to comment.

Unions reacted angrily to the news, calling on the financial regulator to investigate how this "potentially market sensitive information" was leaked.

A Unite spokesman said: "We would urge financial regulators to investigate how potentially market sensitive information about Lloyds Bank has repeatedly found its way into the public domain.

"Leaks and speculation about the future of thousands of staff is a reprehensible way to treat customers and a dedicated workforce who have worked hard to get Lloyds back on track," the spokesman added.

"It is deeply unsettling for staff who have already endured the uncertainty of job cuts and we will be urgently meeting the bank to get answers."

In July, Lloyds was fined £218m for its role in manipulating the libor rate by the Financial Conduct Authority (FCA) and the US Commodity and Futures trading commission. The libor rate is the rate at which banks lend to each other.

As part of Lloyds' takeover by Halifax Bank of Scotland, they were not permitted to close any branches - though that restriction will expire at the end of this year.

A network of Halifax estate agents was closed down in 2009 to LSL Property Services.


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