Lloyds TSB has today (18 September) confirmed that there could be legal job losses as a result of its £12.2bn takeover of stricken lender HBOS.The bank, which unveiled details of the union earlier today (18 September), said it is expecting to make cost savings of around £1bn a year through the merger by 2011.Head office operations including legal, HR, risk and finance departments are among those facing consolidation at the two banks, which are acknowledged to have substantial cross-over between their operations.
September 18, 2008 at 11:50 AM
1 minute read
The original version of this story was published on Legalweek
Lloyds TSB has today (18 September) confirmed that there could be legal job losses as a result of its £12.2bn takeover of stricken lender HBOS.
The bank, which unveiled details of the union earlier today (18 September), said it is expecting to make cost savings of around £1bn a year through the merger by 2011.
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