View more on these topics

Lloyds cuts 240 offshore jobs

Lloyds Banking Group is cutting 240 offshore finance jobs across Jersey, the Isle of Man and Guernsey by the end of 2011.

The cuts follow the group’s decision to combine its banking businesses in the Channel Islands and the Isle of Man by bringing together its Lloyds TSB and HBOS franchises.

The group will create new jobs in its wealth & international risk function, mostly in Edinburgh.

In the group’s insurance division, Clerical Medical will relocate a customer service centre from Clevedon to its Bristol head office.

Lloyds Banking Group Jo Dawson wealth & international director says: “Regrettably, there will be an impact on some jobs as a result of today’s announcement. We are committed to working through this process carefully and sensitively with impacted colleagues.”


FTSE cautious at open

The FTSE opened higher at 4,238 today but lacked conviction from investors ahead of this afternoon’s meeting with members of the UK monetary policy committee who are due to testify on the inflation report.

Race report rocks regulator

The FSA has admitted a “small number of individual problems” after a leaked internal report identified a racist culture at the regulator.

Solid bric lays foundations of recovery

With the first formal Bric summit ending last week, these nations are beginning to flex their financial muscle and are showing significant potential for growth despite the economic downturn.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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