The jobs being cut are expected to come from a range of functions across the Lloyds group, including corporate banking, retail and community banking activities.
6,000 to go, 8,000 created
Lloyds confirms 2,000 new roles in digital banking revamp
Banks are reorganising to reflect changes in the industry (pic: Terry Murden)
Update: Lloyds Banking Group has confirmed that it is cutting 6,240 jobs and creating 8,240 new roles as it re-configures the business to meet modern consumer needs.
Lloyds said that 75% of the new roles would be filled by existing staff, but that some specialist roles such as data scientists would come from outside.
The move is part of a £3 billion three-year transformation and technology investment programme which will see it digitising its infrastructure and reshaping its product structure.