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Halifax and TSB names to disappear
3 Nov 2008
Lloyds TSB will not only drop the TSB from its name but there will be no sign either of Halifax or Bank of Scotland in its monicker once the takeover is voted through. Instead the new enlarged group will quite simply be called Lloyds Banking Group Plc.
That is far from the soothing noises that were made about retaining a major presence in Scotland when the deal was first announced three weeks ago.
As the figures rise for savings Lloyds expects to make from the deal, analysts have also raised their estimates for the number of job cuts. Up to 20,000 posts could well be at risk out of a combined workforce of 140,000.
Reader views (4)
What a shame that Lloyds of London was not available to use.
Any chance of a final commercial with Howard riding off into the sunset or (should that be scotch mist?) on a black horse waving his P60 and singing I will survive.
- Melvyn Windebank, Canvey Island, Essex, 04/11/2008 12:39
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Nor can we Tony Bbbb
- Dean, London, England, 04/11/2008 11:40
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oh well thats another kick in the teeth for scotland cant wait for independence from you
- Tony Bbbb, flfe scotland, 04/11/2008 07:31
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Just think of all the money to be spent on new stationery, rubber stamps,logos, etc! More, I'll bet, than on redundancy payments!
- Mary Kelly, London, UK, 03/11/2008 16:47
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