Gurn reader Jim O'Brien tells us:
Today's news of the mandatory sale of 600 Lloyds TSB branches to comply with Europan competition rules has been expected. Surprise is that the buyer is to be the Co-op Bank, and that the transferred branches will trade as the TSB in future.
Among the branches affected will be those at Nairn and Forres. A full list will be found here.
Among the branches affected will be those at Nairn and Forres. A full list will be found here.
This is good news, I feel. The Co-op have a belief in ethical trading - good - but have a weakness in co-ordinated banking systems. Computers used by the Co-op Bank, Smile (internet systems) and the Brittania systems simply don't work together. However the TSB branch systems will use the Lloyds software, so maybe the integration of the others might follow.
1 comment:
Just got to find someone to buy the other banks in the High St in which we the public were reluctant investors and we'll all be quids in
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