Latest Channel 4 News:
Row over Malaysian state's coins
'Four shot at abandoned mine shaft'
Rain fails to stop Moscow wildfires
Cancer blow for identical twins
Need for Afghan progress 'signs'

Jobs to go, but Lloyds TSB, HBOS deny 40,000 are threatened by merger

By Katie Razzall

Updated on 18 September 2008

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.

Send this article by email

More on this story

Channel 4 is not responsible for the content of external websites.

Watch the Latest Channel 4 News

Watch Channel 4 News when you want

Latest Business & Money news

More News blogs

View RSS feed

Faisal Islam on Twitter


Anyone work in a business that has received government notice about their caps to non-EU employment? please get in touch...

Today at 11:16

Follow us

How to tweet

How and why to follow the Channel 4 News family on Twitter.

Most watched


Find out which reports and videos are getting people clicking online.

Channel 4 © 2010. Channel 4 is not responsible for the content of external websites.