February 24th, 2012 by InvestorPoint

LONDON, Feb. 24 (UPI) — Lloyds Banking Group in Britain said Friday it lost $5.5 billion in 2011 after posting a profit in the previous year, adding it will cut 15,000 jobs. The bank, which is 41 percent taxpayer-owned, also its bonus pool was down 30 percent compared with 2010. Lloyds said it would drop bonuses for executives by 50 percent, The Guardian reported. Chief Executive Officer Antonio Horta-Osoria has already been designated as one of the executives whose 2010 bonus would be partially …continued