OWEN BLOGS ON HBOS/LLOYDS TSB
September 18, 2008
HBOS and LLOYDS TSB
A momentous day for SFE and for two of our largest members as Lloyds TSB announces a takeover of HBOS. The fact that this is happening to Scotland's oldest bank also makes it an emotional day for the financial services industry in Scotland. It is a big upheaval for both banks. But it was necessary. My first thoughts are with colleagues in both companies who may face uncertainty about the implications for their jobs, but am heartened by the undertakings in the announcement to try and keep jobs in Scotland as much as possible. Nonetheless, this is very big stuff and we at SFE intend to do all we can to support the company as it works through all the implications. A big item for discussion at the SFE Board next week.
