PRESS DIGEST- Financial Times - April 11

April 11 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Lloyds Bank axes risk staff after executives complain they are a 'blocker'

- US regulator criticises Swiss handling of Credit Suisse as 'unhelpful'

- UK trade unions hit by spate of cyber attacks

- South Africa's MTN to boost investment in generators to combat blackouts

Overview

- Lloyds Banking Group plans to cut jobs in risk management after an internal review found the function was a "blocker to our strategic transformation".

- Switzerland's decision last year to merge Credit Suisse with UBS was an 'unhelpful' way to deal with a failing global bank and US regulators would not shrink from a full shutdown in a similar situation, the chair of the Federal Deposit Insurance Corporation has warned.

- Two UK trade unions have fallen victim to cyber attacks within the past month, as hackers seek to target valuable data about their staff and tens of thousands of members.

- Africa's biggest mobile phone group MTN is to invest 1.9 billion rand ($101mn) by the middle of the year in generators, batteries and renewable energy to cushion it against rolling power blackouts, which it fears could continue for another three years in its home market of South Africa.

(Compiled by Bengaluru newsroom)