Lloyds may cut 15,000 jobs in costs drive

[TimberWolf]

Presumably not IT people this time, as there are none left, apart from Bobs?

The report said whole layers of management would be stripped out of the bank, with hundreds of jobs likely to go at its head office and thousands of posts to be cut across Britain and in its remaining international outposts.
Business finance news - currency market news - online UK currency markets - financial news - Interactive Investor

Would it be cruel justice that these were the 'management layers' that were so eager to outsource IT and bring Bobs in to save money?

[AtW]

LTSB's quality of service gone downhill massively in the last 2 years, down to the point when they have staff who isn't trained in doing essential bank transactions like transfers of money.

It was their big mistake to buy Halifax, should have said no and could have bought best bits on the cheap without assuming debts.

[russell]

LTSB's quality of service gone downhill massively in the last 2 years, down to the point when they have staff who isn't trained in doing essential bank transactions like transfers of money.

It was their big mistake to buy Halifax, should have said no and could have bought best bits on the cheap without assuming debts.

Didn't the government make them buy Halifax? The result of the strategic review is due end of June.

[AtW]

Didn't the government make them buy Halifax?

Nobody made them - Govt could not make them, they certainly leaned on them (I'd say probably illegally but I am not a lawyer) and the responsibility of the board should been to refuse.

[MarillionFan]

Hopefully the share price will go up then. Always a silver lining.

[TestMangler]

Hopefully the share price will go up then. Always a silver lining.

You're going to have to hold on to your shares a good bit longer for that to happen.

A promise made to the city will be broken

And before anyone accuses me of anything, I don't work there.

[MarillionFan]

You're going to have to hold on to your shares a good bit longer for that to happen.

A promise made to the city will be broken

And before anyone accuses me of anything, I don't work there.

It's very aggressive from the new boss. I'm buying in and out of Lloyds on the way down. According to my share spreadsheet I've now done £180,000 short term trades in Lloyds over 18 months. Some win, some lose. Now sitting on a £200 loss overall having been £1200 up but holding 20000 shares at 47.3.

Bloody frustrating company.

[AtW]

I've now done £180,000 short term trades in Lloyds over 18 months.

I demand 200% CGT on short term trade, 500% on shorting and 1000% VAT on snorting!