Jun 28, 2021 | All Members
We didn’t think it would be long before Sabadell outlined its real intentions for TSB. The Chief Executive of TSB’s Spanish owner Sabadell has confirmed that it’s open to selling TSB if it got the right offer. At a conference in Barcelona, Cesar Gonzalez-Bueno, said:...
Jun 15, 2021 | All Members, COVID-19
In our recent Working from Home Survey, 66% of members said that they were working more than 7 hours a day and were more productive than they were before the pandemic. According to a recent study of 3 million employees in 21,500 companies published by Harvard Business...
Jun 11, 2021 | All Members
At its Investor Day meeting at the end of May, Sabadell confirmed that TSB will focus on mortgages. There will be “less appetite for consumer loans” and any new lending “will focus on lower risk and lower capital consumption products”. It seems that TSB is retreating...
Jun 4, 2021 | All Members
Earlier this week TSB announced changes to the pay progression for Grade B members of staff. Those new entry salaries are good news for the small number of newly appointed staff who will benefit from the changes. But what about everyone else in TSB? The overwhelming...
May 14, 2021 | All Members, GMP Court Case
We are about to begin the next phase of the Union’s GMP campaign and that will begin to roll out in the next few weeks. Just to recap, last November the High Court ruled that Lloyds are legally responsible for equalising the guaranteed minimum pensions (GMPs) for...
Apr 22, 2021 | All Members
Sabadell has confirmed that in respect of its international businesses, TSB and Mexico, “No sale process will be initiated in the near future”. However, it’s clear from recent organisational changes initiated by the new Chief Executive Officer, that Sabadell intends...
