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Latest News
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Date: 17th Mar 2009
The Bank has written to pay recommenders regarding the bonus awards for 2008 and told them the awards they thought they were giving to their staff have, for a second time been substantially reduced. More Info >>
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Date: 10th Mar 2009
Staff reaction to the announcement that the Bank's participation in the Government's Asset Protection Scheme, which has resulted in fundamental and far reaching changes to existing bonus arrangements and the withdrawal of free shares, has been one of absolute anger. More Info >>
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Date: 10th Mar 2009
The Bank has unveiled details of its plans to introduce new so-called ‘Lifestyles’ Work Patterns across Direct Banking. More Info >>
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Date: 7th Mar 2009
Today the Bank has announced that, in order to participate in the Government’s Asset Protection Scheme, which will see billions of mainly HBOS ‘toxic’ assets being insured, it has been forced to implement fundamental and far reaching changes to existing bonus arrangements. More Info >>
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Date: 27th Feb 2009
This Wednesday, LTU met UK Financial Investments (UKFI), the body set up by the Government to oversee its stake in Lloyds and RBS. More Info >>
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Date: 25th Feb 2009
LTU met with representatives from UK Financial Investments Ltd (the body set up to look after taxpayers' investments in UK banks) today to discuss the payment of bonuses for staff in the Lloyds Banking Group. More Info >>
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Date: 16th Feb 2009
The weekend’s media frenzy surrounding the HBOS merger and the payment of bonuses is doing nothing at all to help the current very difficult environment for all the Banks and the Government’s attempts to stabilise the UK financial services sector. More Info >>
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