Newsletters From BTU
Charlie’s Bazaar
During a recent ‘Town Hall meeting’, Mr. Robin Budenberg, the new Chairman of Lloyds Banking Group, said the bank would be offering a range of non-financial services products to customers in future. Mr. Budenberg declined to give examples of the products Lloyds would...
The Ides of March
This should have been the week when Lloyds staff received their bonuses. A few days ago, the bank published the 2021 share awards for senior executives. The top 8 executives were awarded bonuses worth £4,125,467. The exact payment for each executive is set out in the...
Back To Normality In Lloyds?
According to the Office for National Statistics 53% of workers travelled to their place of work last week. The expectation is that will steadily increase after the Easter holidays. The boss of Goldman Sachs, David Solomon, said that working from home is not the “new...
Social Media: Protect Yourself!
Brexit, Covid, Megxit… millions of people share their views online every day. A quick lunchtime tweet on Twitter, sharing or liking a post on Facebook: most people think nothing of it. Yet one ‘in-the-moment’ comment could put your job at risk. We’ve dealt with...
Union Calls For GDPR Investigation
This issue is not going to go away despite the best efforts of the bank and Accord. Accord have been fobbed off with some useless crumbs from the negotiating table. The bank knows full well that it won’t do anything to rock the boat. Getting MaPAs to record all their...
The £60 Million Pound Man
In his last presentation to investors, Mr Antonio Horta-Osorio said: “I will be leaving the bank in a better position than when I joined, which should be the purpose of any CEO”. We’ll discuss that below in more detail but he’s certainly leaving the share price...
Quid Pro Quo
What’s become clear on the back of Accord’s membership drive in Connect, is that in exchange for getting access to staff to persuade them to join the union, it’s also agreed that the rights of Lloyds’ non-signers to protect their working hours should be ignored as...
Lloyds Using Accord To Drive Contract Changes
Lloyds staff who have signed up for the new Connect telephony teams are being dragooned into ‘compulsory’ Accord recruitment seminars this morning designed to encourage them to join the Bank’s in-pocket Union. Some of the members who have contacted us already say that...
‘This Is My Landlord, Krook’
Lloyds Banking Group is on the verge of announcing that its entering the Private Rental Housing market. It’s part of the Group’s strategy of generating long-term diversified returns at a time when its net-interest income – the difference between the interest gained on...
What’s The Point Of Accord?
In a startling revelation the in-house staff union, Accord, has admitted that it was not told about the bank’s decision to force MaPAs to secretly record all telephone calls without telling customers, in breach GDPR regulations. It’s difficult to know where to begin...
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