- News Home
- UK
- World
- Society
- Politics
- Business & Money
- Science & Technology
- Sport
- Arts & Entertainment
- Weather
Jobs to go, but Lloyds TSB, HBOS deny 40,000 are threatened by merger
Jobs to go, but Lloyds TSB, HBOS deny 40,000 are threatened by merger
Last Modified: 18 Sep 2008
By:
Katie Razzall
Thousands of people will lose their jobs as Lloyds TSB takeover Halifax Bank of Scotland in a deal that will create Britain's biggest bank.
High street branch closures and savings at head office will mean job losses, but the merged bank has denied reports that 40,000 positions are under threat.
After a dramatic run on its share price, HBOS was forced to seek the protection of another bank.
Share this article
After the collapse of the US sub-prime mortgage market, the global economy is in the throes of a credit crunch.
Credit crunch »
Credit crunch in the News
Credit crunch in Current Affairs
-
Watch again »
There's now an easier way to watch Channel 4 News when you want to.
-
Best of US Election »
Pick of the Channel 4 News coverage. Launch the video player now.
-
It's all gold »
Watch the best coverage from Nicholas Glass and the team with our arts player. Click to play.
-
Sign up to Snowmail »
The day's news from Jon Snow and the team direct to your inbox.
-
Most watched »
Find out what's getting people clicking online this week.
-
All aTwitter? »
Start following Channel 4 News on Twitter today.
-
World of Hack »
Topical animated cartoons from artist in residence, Hack.
-
Beau Bo D'Or »
Political commentary from our blog artist Beau Bo D'Or.
