“We Mustn’t Fall Into Just Being A Smaller Version Of A Lloyds….” – Debbie Crosbie
At a recent stand-up, Ms Crosbie said: “We mustn’t fall into just being a smaller version of a Lloyds…….”. We agree. The appointment of Robin Bulloch, the current Managing Director for Lloyds Community Bank and one of the architects of its branch closure programme, to...
Time to Change – TSB and Mental Health
In May, TSB announced that it was going to sign the Time to Change pledge, run by the charities Mind and Rethink Mental Illness, to show its commitment to supporting the mental health of employees.Iain Laing (TSB’s Chief Risk Officer and executive sponsor for...
TSB Bows To Pressure On Severance Terms
Following the union’s long campaign, TSB has bowed to pressure, and the potential threat of legal action, and confirmed in its new. Job Security Policy that the heritage Lloyds TSB enhanced severance terms are contractual and there is no end date. That’s important...
Hundreds More Jobs To Go In TSB Scramble To Cut Costs
We will be accused of scaremongering again but let’s be clear the 124 job losses announced yesterday, which we were the first to publish, are just the beginning and there will be hundreds of jobs lost before Debbie considers her work done. TSB is being managed ready...
Debbie Takes A Knife To The Branch Network
In devastating news, TSB has confirmed today that Area Directors, staff working in ADO and BDO offices, Branch Managers and Cluster Managers across the distribution business are all at risk of redundancy. Having saved TSB from IT meltdown last year, loyal, hardworking...
TSB’s – “The Big Short”
“The Big Short” is a film about the 2007 US housing market crisis which according to the US Federal Reserve cost the global economy about $10 trillion. In the UK it’s estimated that the Government spent £123.93 billion propping up the economy. It resulted in millions...
Closing ex C&G Branches By Stealth
TSB managed to make a small profit in Q1 2019 but Sabadell has made it clear to Debbie Crosbie, the new Chief Executive Officer, that she needs to cut costs quickly and it looks like the ex C&G branches are going to take the brunt of this race to the bottom. A...
Closing Branches In Scotland By Stealth
TSB managed to make a small profit in Q1 2019 but Sabadell has made it clear to Debbie Crosbie, the new Chief Executive Officer, that she needs to cut costs quickly and it looks like Scotland is going to take the brunt of this race to the bottom. A year-on-year...
Letter To MSPs Regarding TSB Branch Closures
Debbie’s Cost Cutting Regime
TSB has confirmed for the first time that its cost income ratio is too high and needs to be reduced significantly over the next few years if it’s to survive. A new Chief Executive is normally given a period of grace to devise a new approach, blame the previous job...
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