View more on these topics

HBOS to axe 650 jobs

HBOS is to axe 650 jobs over the next eighteen months as it combines two of its operations.

The bank says it currently has two businesses serving the SME market, one in the retail division and one in its corporate division. From today, its business banking section will begin a phased transfer to the corporate division.

The process will be completed by the end of 2009.

This comes a day before the final deadline for shareholders to take up extra shares in the bank’s £4bn emergency cash call.

HBOS shares had fallen to a fresh low yesterday of 225p yesterday before closing at 254.5p. Shares this morning were at 255p, still short of the 275p level of the rights issue.

Recommended

Thinc picks Young as compliance chief

Thinc Group has appointed David Young as head of group compliance. He has over 30 years experience in compliance and corporate governance and was previously director and principal of The Young Company.

International jurisdictions

By Neil Jones, Canada Life Investing through international providers has grown in popularity over recent years as investors seek out the benefits of gross roll-up and the wider range of investment options that can be available. When considering a recommendation for a lump sum investment, not only does the adviser have to select a suitable tax wrapper […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com