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...
‘Hybrid’ Working – The Next Steps
A large number of TSB staff will continue to work from home in hybrid ways and we expect that transformation to the new ways of working will begin in Q4. TSB has not committed to an exact date, which is wise given that there is increasing speculation that if the...
FCA Gets Powers To Stop Branch Closures?
The Financial Conduct Authority (FCA) is considering introducing new rules which would give it the power to stop banks from closing branches. It is estimated that since the pandemic began, some 529 branches have been earmarked for closure. TSB has closed 246 branches...
‘Pingdemic’ & Staffing Level Issues Close TSB Branches
Last week the number of people in self-isolation after being pinged by the NHS Covid-19 app hit a record 619,000 people. Those who are ‘pinged’ have to self-isolate for up to 10 days, although that can be longer if the person goes on to develop symptoms. In TSB staff...
Freedom Day?
TSB was one of the slowest organisations to introduce COVID restrictions to protect staff and customers but it’s one of the first to get rid of them. In respect of face coverings, TSB has said that it’s up to customers to decide whether or not they wear them from...
It’s Up For Sale.
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:...
From Desktop To Laptop
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...
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