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Black workers at Lloyds Bank earn a fifth less than other colleagues

The banking group says it will "take action" to resolve the discrepancy among its staff.

Charlie Nunn is to replace Antonio Horta-Osorio, who leaves the bank in the summer.

The cuts - totalling more than 2,200 - come as both businesses continue their restructuring.

Staff currently working from home because of the pandemic will be asked to do so until spring 2021.

The insurance market says that losses due to the pandemic could stretch into future years

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