However Lloyds, which is 41 per cent owned by the UK tax Of chief executive António Horta-Osório’s strategy review. The bank isĮxpected to have eliminated around 4,000 jobs this year as part Said it had cut its bonus pool by 30 per cent. Underlying performance figures were more positive - Lloyds also Which last week announced a £2.8 billion ($4.41 billion)įull-year net loss. It comes as the latest blow for the UK government-backed bank Reports say four employees have been relocated within theīusiness and two have been made redundant. Serviced by a “dedicated relationship management team in the IsleĪround six jobs were believed to be at risk due to the closure. That relationships with Asian based intermediaries are now Offshore Centre in the Isle of Man” and “24/7 banking”, adding Will continue to be serviced by “Lloyds TSB International The bank said that existing customers would not be affected and Group activities conducted in Asia continues as normal," said the The office was closed on 3 February 2012 after the group’sĭecision to “to “focus on geographies where it can invest andīuild scale from its existing position”, according to a statement To retreat from regions where it lacks scale. Offshore Hong Kong representative office, as part of a strategy The international arm of UK lender Lloyds TSB, has shut its The international arm of UK lender Lloyds TSB, has shut its offshore Hong Kong representative office, as part of a strategy to retreat from regions where it lacks scale.
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