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PRESS DIGEST-Financial Times - Jan 9

ReutersJan 9, 2025 3:49 AM

- 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 Banking Group's branch shake-up fuels concern over closures and job cuts

Leon Black in talks about backing Dovid Efune's Telegraph bid

Lloyd's of London chief John Neal to move to Aon

EU leaders warn Donald Trump not to meddle with Europe's borders

Overview

Lloyds Banking Group LLOY.L will allow its Halifax, Lloyds and Bank of Scotland customers to use any of its branches across the three brands, fuelling union concerns that the UK lender is preparing to shut hundreds of locations and axe more jobs.

Leon Black, the co-founder of Apollo Global Management APO.N, has held talks about backing the 550-million-pound ($679.69 million) bid to buy the Telegraph newspaper by Dovid Efune, owner of the New York Sun.

Lloyd's of London chief executive John Neal will leave the firm this year to take a new job leading the reinsurance and climate divisions at Aon, one of the industry's biggest brokers.

European leaders warned Donald Trump not to meddle with the continent's borders on Wednesday, a day after the US president-elect refused to rule out taking Greenland by force.

($1 = 0.8092 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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