British bank Lloyds plans cuts to FX business - sources
Share:
LONDON (Reuters) - Britain's Lloyds Banking Group plans to scale down its foreign exchange business by the end of the year, stung by low profitability and rising competition from its rivals, three sources familiar with the matter said.As part of a global strategic review announced in early 2018, Britain's biggest mortgage lender, which is widely seen as a bellwether for the UK economy, announced plans to focus more on its digital offering and the small- and medium-sized sector.A source familiar..