Lloyds TSB Bank, a retail bank in the United Kingdom, is cutting 570 jobs. The bank will transfer another 450 to a contractor. The bank also says that the changes are part of a continuing program to integrate operations.
Lloyds TSB Bank was founded in 1995 and can trace its roots back to 1765 with the foundation of Taylors and Lloyds in Birmingham. Lloyds TSB Bank is one of the Big Four clearing banks, with the TSB Group which traces its origins to 1810.
Lloyds TSB has parents company, Lloyds Banking Group. HM Government took a 43.4% stake in Lloyds Banking Group and it was subsequently announced that a standalone retail banking business of 600 branches, including the TSB brand. The brands would be divested by the Group to comply with European Union state aid requirements. It's following the liquidity crisis in 2009. As a consequence, Lloyds TSB Bank will be rebranded as Lloyds Bank by the end of 2013.
Lloyds TSB Bank wants to give best services to the consumers with a full range of banking and financial services. Lloyds TSB Bank services include private banking, business banking, internet banking, mortgage, loans, insurance, etc.
If you are looking for detail information about Lloyds TSB Bank, just visit Lloyds TSB Bank website at www.lloydstsb.com.
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