Avoiding A ‘TSB’

Aug 25, 2021 | All Members

Lloyds has now confirmed what we recently reported in a Newsletter regarding the roll out of Thought Machine’s Vault technology across the Group. At a recent meeting William Chalmers, Chief Financial Officer, said that: “In the first half of the year, we safely...

GPS – Bumper Bonus Year?

Aug 20, 2021 | All Members

In his recent presentation to analysts, William Chalmers, Chief Finance Officer, said on Group Profit Share (GPS) that: “We do want to recognise colleagues, given the fact that we paid no bonus last year, we want to recognise to colleagues that things are proceeding...

FCA Gets Powers To Stop Branch Closures?

Aug 18, 2021 | All Members

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. In June, Lloyds said that it...

‘Spooky Action At A Distance’

Aug 3, 2021 | All Members

What is the significance of the bank announcing that it is diluting a key part of the Lloyd’s job security policy but not implementing it until 1st January 2024? What’s happening in 2024? We’ve always worked on the basis that whenever the bank says it wants to change...

“Return Is Voluntary Over The Summer”

Jul 21, 2021 | All Members, COVID-19

That’s what Matt Sinnott, Group People & Property Director, said recently. The clear implication of his statement was that after the summer holidays, return to offices – in some form – will become compulsory for Lloyds Banking Group staff. In his...

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