Even though the FED/IMF is using mixed economic news to manipulate marets, the reality of US Economy is a misguided debt spending economy luring in Americans to spend. Meanwhile markets are still pumped using the bad news.
-
11/10/2009 9:55 AM ET(RTTNews) - British bank Lloyds Banking Group Plc (LYG: News ,LLOY.L: News ) is reportedly eliminating 4,960 jobs during 2010. In a statement on its website, Lloyds TSB Group Union said three of the lender's five divisions - Insurance, Group Operations and Retail (Mortgages) - announced plans for further job reductions during 2010 as the Bank continues its drive to slash costs by GBP 1.5 billion a year by the end of 2011.
No comments:
Post a Comment