The Future Of TSB
It seems that the writing is on the wall for the future independence of TSB. The news that Spain’s second biggest bank BBVA has pulled out of merger talks with Sabadell because they couldn’t agree a price, confirms our worst fears: that TSB will be sold off. The...
Union Wins Landmark High Court Action, Again.
We’ve won in the High Court again. In the second part of the most important pension case in 30 years, the High Court has ruled today that the Lloyds Banking Group pension schemes are legally responsible for equalising the guaranteed minimum pensions (GMPs) for those...
Moving Between Branches
TSB has said: “travelling between branches should remain within the current guidelines of no more than one branch a day and no more than 3 branches in a week”. The bank’s policy is creating too much stress and anxiety, and it needs to accept that some branches will...
Letter To Rt Hon Mr. Alok Sharma MP: TSB – Health Protection Regulations
Letter To Mr. Nikhil Rathi: TSB – Health Protection Regulations
Is TSB Breaching Coronavirus Health Protection Regulations?
By refusing to change its retail service offering to customers, TSB is breaching the Health Protections Regulations, which put the lockdown rules into law. TSB has so far refused to change its retail strategy to reflect the fact that we are now in a national lockdown....
Letter To Mr. Nikhil Rathi Chief Executive Of The Financial Conduct Authority
Please click here to view a PDF version of the letter.
Landmark Legal Case Continues In The High Court
In a previous Newsletter, I said that the second part of the union’s landmark legal case on Guaranteed Minimum Pensions (GMPs) would begin in the High Court in May and would be heard by Mr Justice Morgan via Skype. Following that hearing, Mr Justice Morgan wrote to...
Year End Allowance For TSB Staff
On Friday, TSB announced that it had made a £76 million loss for Q3. Its total loss so far this year is £140 million. We expect that rise to £180 million for the full year. And whilst that loss was being explained away by Sabadell’s Chief Executive, tens of thousands...
Lloyds Bows To Union Pressure On Test & Trace App
Lloyds Banking Group has bowed to union pressure and told branch staff working in the Banking Hall that they can now use the Government’s Test and Trace app, if they want. TSB has instructed all its branch staff -wherever they work - to turn off the Government’s Test...
TBU Newsletters
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