Lloyds Banking Group infuriated unions by revealing it had paid 25 staff more than £1m while continuing a redundancy programme that will lead to 45,000 job cuts and offering front-line staff below inflation pay rises.
Lloyds Banking Group has the biggest private shareholder base in the UK and is the UK's leading provider of current accounts, savings, personal loans, credit cards and mortgages.
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Speculation about a government sell-off of Royal Bank of Scotland and Lloyds Banking Group was escalating on Tuesday night amid reports that the International Monetary Fund is urging the Treasury to accelerate its disposal of the £65bn stakes in the two bailed-out banks.