Lloyds Banking Group plc (LYG)

PRESS DIGEST- Financial Times - April 11

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.