Is The Future Of TSB With Nationwide?
There is increasing speculation again about the future of TSB. Sabadell’s Chief Executive Officer, Cesar Gonzalez-Bueno tried to quell those rumours when he presented the latest results saying: “TSB is generating capital to fund its own growth. We are very satisfied...
Hybrid Working In TSB
The Government has dropped its advice for people to work-from-home and we expect that TSB will begin getting staff back to offices - if only for part of the week - almost immediately. The working-from-home guidance remains in place in Wales, Scotland and Northern...
Pay Squeeze For All TSB Staff
The 2022 pay pot, the amount of money the bank spends on pay, is just 4% compared to the current inflation rate of 7.5%, which is the highest it’s been since April 1991. And let’s be honest, that inflation figure is likely to get higher over the next few months. On...
Letter To Mr. Harry Baines – LLOYDS BANKING GROUP PENSIONS TRUSTEE LIMITED v WALKER & OTHERS
The “Year of the Squeeze”
In a report published on the 29th December, the Resolution Foundation, a well-respected think-tank focused on improving the living standards for those on low to middle incomes said that 2022 would be the “year of the squeeze” on people’s finances. In its quarterly...
TSB To Refurb Branches Only To Close Them Next Year
You couldn’t make this stuff up even if you tried. On a recent teleconference, Carol Anderson, Director of Branch Banking, admitted that many of the 70 branches which will close next year will be refurbished first and then closed. She said TSB couldn’t get out of the...
More Branch Closures In TSB
Now that TSB is in play, it’s become more desperate to cut costs to attract potential buyers. Yesterday, TSB announced that it is closing 70 more branches in Q2 2022 with the loss of 150 jobs. The number of Cluster Managers will fall from 37 to 27, with loyal,...
Carol Anderson – Accord’s New Recruitment Officer?
Just when you thought you’d seen everything – it turns out you haven’t! Accord – the bosses’ favourite staff body – is losing so many representatives that it’s called on its friendly Banking Director to help with recruitment. One can only assume the Banking Director’s...
The Pandemic Pay Rise
Inflation matters because higher prices eat into incomes and if incomes don’t grow to match prices, then living standards will fall. The Office for Budget responsibility (OBR), which provides independent and authoritative analysis of the UK's public finances, said...
Fire Sale?
It seems that TSB is now in play. At the weekend news broke that the Co-operative Bank had made an approach about a possible merger with TSB. According to the reports the Co-operative Bank approached Banco Sabadell, TSB’s Spanish owner, a month ago offering to pay...
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