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Lloyds TSB is to acquire HBOS for £12bn, which could lead to the loss of up to 40,000 jobs from the 139,000 combined workforce. 18-Sep-2008 Lloyds TSB is to outsource up to 250 IT jobs in its technical delivery department to India. 16-May-2008 Lloyds TSB is to create 150 new jobs at its telephone banking call centre in Fareham, and is also recruiting 250 staff in Bridgend and Newport, 100 in Brighton and 150 in Glasgow. 04-Feb-2008 Lloyds TSB is planning to shed up to 280 of the 900 jobs in its human resources department by the end of the year. 21-Jan-2008 Lloyds TSB is to create 150 jobs at its customer call centre in Glasgow's Atlantic Quay. 16-Oct-2007 Lloyds TSB is planning to create 250 new jobs at its call centres in Wales, including 105 at Tredegar Park in Newport. 05-Oct-2007 Lloyds TSB is to close 31 Cheltenham & Gloucester mortgage branches with the loss of 340 jobs, and 210 IT jobs will be transferred offshore from sites in London, Cardiff and Manchester. 08-Aug-2007 Lloyds TSB has sold its Abbey Life closed life insurance business to Deutsche Bank for almost £1bn. 01-Aug-2007 Lloyds TSB is looking to sell its Abbey Life closed life insurance business for about £1bn. 18-Jun-2007 Lloyds TSB is to sell Lloyds TSB Registrars, its Worthing-based share registration business with 1,700 staff, to private equity firm Advent International for £550m. 22-May-2007 Lloyds TSB is to close its back-office processing operation in Peterborough by the end of the year, with the loss of 243 jobs. 07-Feb-2007 Lloyds TSB has appointed Lehman Brothers to manage the sale of its share registration division for up to £600m. 05-Feb-2007 Lloyds TSB has announced plans to close 19 bank branches across the South West and Wales. 06-Sep-2006 Lloyds TSB Insurance has acquired the general insurance business of Pearl Group, including gross assets of almost £60m. 07-Aug-2006 Lloyds TSB is to outsource 150 human resources jobs to Xansa, affecting staff at sites in Bristol, Telford and Cardiff. 29-May-2006 Lloyds TSB is to close administration centres in Glasgow, Newton Aycliffe and Chorley and reduce the workload in Tonbridge and London, with the loss of up to 500 jobs. 16-Mar-2006 Lloyds TSB is to move 200 C&G mortgage advisers into its Lloyds TSB bank branches, as part of a strategy to expand its own-branded mortgages business. 13-Mar-2006 Lloyds TSB is looking to improve its procurement and back office operations, in order to reduce costs by £275m a year. 27-Feb-2006 Lloyds TSB has sold its banking operations in Paraguay to HSBC for £8.6m, which will involve the transfer of 200 staff at six branches. 23-Feb-2006 Lloyds TSB is said to be planning to shed up to 200 IT jobs in Bristol, Manchester and London. 21-Dec-2005 Lloyds TSB is to sell its Goldfish credit card business to Morgan Stanley of the US for £1bn. 21-Dec-2005 Lloyds TSB is to close its Cheltenham & Gloucester mortgage application centre near Warwick in 2006, in order to transfer 300 jobs to India and a further 100 to Gloucester and North Lincolnshire. 17-Nov-2005 Lloyds TSB is to transfer 41 jobs from its accounts and staff expenses department in Bristol to India, as part of an outsourcing deal with Xansa. 07-Oct-2005 Lloyds TSB is to set up a new 100,000 sq ft office for its wholesale banking division at 10 Gresham Street in the City of London. 27-Jun-2005 Lloyds TSB is to close five small processing centres in Plymouth, Taunton, Stockton, Swansea and Cardiff, with the loss of 465 jobs, in order to transfer work to its main sites in Glasgow, Manchester, Andover and Chelmsford. 12-May-2005 Lloyds TSB is to create about 200 customer service jobs at its insurance operation in Newport, South Wales, over the next four months. 01-Mar-2005 Lloyds TSB is creating 100 jobs at its Shareview stockbroking division in Edinburgh, which could involve the relocation of some staff from London. 08-Feb-2005 Lloyds TSB has announced plans to transfer up to 1,000 jobs to India by the end of next year, affecting staff in its insurance division, IT and group operations. 10-Nov-2004 Lloyds TSB is to close a support centre in Bournemouth with the loss of 200 jobs, as part of a reorganisation of its asset finance business. 29-Apr-2004 Lloyds TSB is to shed 90 jobs at its general insurance operations in Newport and Bournemouth. 23-Jan-2004 Lloyds TSB has appointed property consultant BH2 to find a 300,000 sq ft office in the City of London, in order to consolidate a number of smaller offices. 19-Jan-2004 Lloyds TSB is setting up a chain of car supermarkets under the Black Horse Car Sales brand, and 50 jobs will be created when a new site opens in Oldbury in January. 17-Nov-2003 Lloyds TSB is to close a customer contact call centre in Newcastle next year with the loss of 986 jobs, in order to transfer the work to India. 31-Oct-2003 Lloyds TSB is to sell its NBNZ Holdings banking and insurance subsidiary in New Zealand to Australia & New Zealand Banking Group for £2.3bn. 27-Oct-2003 Lloyds TSB is to sell part of its Brazilian business to HSBC for £490m, including its consumer lending operation and Banco Multiplo. 10-Oct-2003 Lloyds TSB has announced plans to outsource more of its back office operations to India, with the creation of 1,400 jobs by the end of next year. 25-Sep-2003 Centrica has agreed to sell the Goldfish credit card and personal loans business to Lloyds TSB in a £112m deal. 01-Aug-2003 Lloyds TSB is looking to sell its Brazilian banking operations, which have an estimated value of up to £400m. 25-Jun-2003 Lloyds TSB is considering plans to sell its New Zealand banking division for about £2.1bn. 29-May-2003 Lloyds TSB is to close a customer services centre in Gateshead with the loss of 150 jobs, in order to transfer the work to Chelmsford. 29-May-2003 Lloyds TSB is to create 600 part-time jobs at its call centre in Newcastle-upon-Tyne over the next year. 23-May-2003 Lloyds TSB is to sell its French private banking and fund management operations to UBS of Switzerland for undisclosed terms. 19-May-2003 Lloyds TSB has announced plans to reorganise its UK service centre business, with the loss of 800 jobs at sites in Chorley, Gateshead, Liverpool, Taunton and Swansea. 30-Sep-2002 Lloyds TSB is to buy two contract fleet hire businesses, which lease 73,000 cars to large companies, from Abbey National for £46m. 19-Apr-2002 Lloyds TSB has closed its Create wealth management business, having failed to gain sufficient customers in its first six months of operation. 12-Apr-2002 Lloyds TSB has announced plans to shed a further 3,000 staff this year as processing continues to be taken away from branches, but 2,000 jobs will be created to improve customer service levels. 18-Feb-2002 Lloyds TSB is to relocate the headquarters of its Black Horse financial services business and 1,000 staff from Cardiff's Newport Road to the new St William House scheme in 2003. 20-Dec-2001 Lloyds TSB has acquired CashFriday, the Gloucester-based provider of funding and payroll services to the temporary recruitment sector, for £10m, in order to expand its Lloyds TSB Commercial Finance operation. 22-Nov-2001 Lloyds TSB is launching a new service to sell cars via the internet and telephone, and hopes to sell 3,000 vehicles in the first year. 25-Oct-2001 Lloyds TSB is planning to shed 500 of the 30,000 jobs in its 2,000-strong branch network by the end of the year. 30-Aug-2001 Lloyds TSB Insurance has bought the brand name of Screentrade.co.uk, the online insurance broker, from Misys for undisclosed terms. 31-Jul-2001 Lloyds TSB is planning to auction 100 bank branches through Healey & Baker, in a sale and leaseback arrangement that will raise about £36m. 12-Jun-2001 Lloyds TSB is planning to create 500 more jobs at its call centre in Newcastle-upon-Tyne. 14-Mar-2001 Lloyds TSB has started recruiting more than 250 new staff for its call centre at Tredegar Park in Newport. 26-Feb-2001 Lloyds TSB has announced plans to set up a new wealth management division called Create, which will enable affluent investors to consolidate all their financial products into a single account. 07-Feb-2001 Lloyds TSB has announced a formal £19bn takeover bid for Abbey National which could lead to the loss of 600 branches and 9,000 jobs, but Abbey has rejected the offer. 01-Feb-2001 Lloyds TSB is to form a partnership between its Evolvebank subsidiary and Centrica next year to launch a new online bank under the Goldfish brand. 14-Dec-2000 Lloyds TSB is considering plans to launch a bid for Abbey National, which is currently in merger negotiations with Bank of Scotland. 06-Dec-2000 Lloyds TSB is planning to launch Evolvebank, its new internet bank, in the UK next year and discussions are taking place with potential partners for the service in continental Europe. 29-Nov-2000 Lloyds TSB has announced that 1,000 jobs will be created at a new call centre in Pencoed near Bridgend next year, which is more than double the number originally planned. 15-Nov-2000 Lloyds TSB is to set up a new banking call centre in Pencoed, Bridgend, next year, with the creation of more than 400 jobs. 16-Oct-2000 Lloyds TSB is creating 170 new jobs at its mortgage unit in Scunthorpe, taking staff numbers to more than 400. 19-Sep-2000 Standard Chartered has sold its Chartered Trust leasing and motor finance subsidiary to Lloyds TSB for £627m, and has also announced the acquisition of Chase Manhattan's credit card business in Hong Kong for £825m. 04-Sep-2000 Barclays, Lloyds TSB and Unisys are forming a new company called Intelligent Processing Solutions to supply cheque clearing and processing services to the two banks, with Barclays providing 745 staff and Lloyds 600. 18-Aug-2000 Lloyds TSB is forming a £20m joint venture with Antfactory called Valuefactory Ventures, which will set up internet businesses in the financial services sector. 25-Jul-2000 Lloyds TSB Commercial Finance is to set up a new headquarters for its Alex Lawrie financial services business at the Banbury Cross Business Park in Banbury later this year. 19-Jul-2000 Lloyds TSB is to launch an internet bank called Evolvebank later this year, employing up to 100 staff at a call centre in Glasgow. 11-May-2000 Lloyds TSB is planning to set up a telephone banking customer service centre at the Sunderland Enterprise Park, with the creation of 500 jobs, and a similar facility will also be developed in Newcastle. 09-May-2000 Lloyds TSB is to transfer its entire asset management operation to Edinburgh following the acquisition of Scottish Widows, which means that London-based Hill Samuel will lose its separate identity. 01-Mar-2000 Lloyds TSB has announced plans for a restructuring programme to increase volumes and reduce costs, and about 3,000 jobs will be lost. 14-Feb-2000 Allied Dunbar is to buy the distribution network of Abbey Life from Lloyds TSB for £100m, creating the largest direct life assurance salesforce in the UK. 02-Feb-2000 Lloyds TSB is looking to sell its Abbey Life insurance business for more than £1bn. 24-Jan-2000 Lloyds TSB is planning to launch a pan-European internet bank, starting in Spain and Italy later this year, and a number of acquisitions are expected to support the move. 03-Jan-2000 Lloyds TSB has announced an internal reorganisation as it moves further into e-commerce, and three new divisions have been created to handle customer management, retail distribution and IT. 11-Dec-1999 Lloyds TSB is planning to have 1m of its customers using internet banking by the end of next year, but will not set up a separate entity for the online operation. 22-Oct-1999 Lloyds TSB is said to be seeking a major acquisition in Spain as part of a strategy to build up its banking business in continental Europe. 16-Aug-1999 Lloyds TSB is planning to close its custody and fund trusteeship business, which employs 825 staff, and transfer customers to the State Street bank. 27-Jul-1999 Lloyds TSB is to shut its Abbey Life fund management unit and transfer the funds to its Hill Samuel Asset Management division. 16-Jul-1999 Lloyds TSB is to acquire Scottish Widows for £7bn, and a new division will be set up in Edinburgh to combine their life, pensions, and unit trust operations. 24-Jun-1999 Lloyds TSB is working with local organisations to set up a community bank in a deprived area of Portsmouth, which could be the first of a network designed to bring mainstream financial services to inner city locations. 04-Dec-1998 Lloyds Bank has launched an on-line banking service via the internet. 29-Oct-1998 Barclays, Lloyds Bank and Midland Bank are preparing to join the Link network of cash machines, which will mean that customers of almost every UK bank will be able to use any of the country's 25,000 machines. 21-Oct-1998 Lloyds TSB is acquiring three leasing subsidiaries from National Westminster Bank - NatWest Leasing Industries, NatWest Machinery Finance, and NatWest Specialist Finance - for £11m. 19-Sep-1998 Asda is planning to open more than 40 Lloyds TSB bank branches in its stores this year. 17-Aug-1998 Lloyds TSB is said to be considering the sale of its Latin American operations for up to £1bn, in order to help fund acquisitions closer to home. 13-Aug-1998 Lloyds TSB is now free to make acquisitions and close branches, having won parliamentary approval to finalise the merger of Lloyds Bank and TSB. 30-Jul-1998 Lloyds TSB is to acquire the Bank of Scotland's Countrywide Bank subsidiary in New Zealand in a deal thought to be worth about £300m, and will now be able to challenge Westpac for market leadership. 29-Jul-1998 Abbey National has acquired TSB Factors, the factoring and invoice discounting business, from Lloyds TSB for undisclosed terms and will rename it First National Invoice Finance. 17-Apr-1998 Bradford & Bingley has agreed terms to acquire the Black Horse estate agency chain from Lloyds TSB for £56m, which will give it a much stronger presence in the south of England. 02-Apr-1998 Lloyds TSB is to stop offering mortgage advice through most of its branch network, and will instead provide information only, in a move that will reduce its potential liability for mis-selling. 01-Apr-1998 Bradford & Bingley building society is planning to buy the Black Horse estate agency chain from Lloyds TSB, in order to expand its presence on the high street and increase mortgage sales. 10-Mar-1998 Paragon Group has bought Universal Credit, the consumer finance business, from Lloyds TSB for £25m. 06-Mar-1998 Government approval for the £15bn merger of Lloyds Bank and TSB may be delayed following a move by three MPs to block the parliamentary bill on the grounds that the payouts offered to members of the TSB pension scheme are too low. 19-Feb-1998 Lloyds TSB is to launch a loyalty card scheme later this year which could result in better interest rates being offered to customers who buy a wider range of financial services from the bank. 17-Feb-1998 Lloyds TSB is reviewing the future of its Black Horse estate agency chain and may opt for a trade sale or management buy-out if it decides the business does not fit its strategy. 12-Jan-1998 Lloyds TSB is selling International Factors, the US-based provider of factoring and invoice discounting services, to BNY Financial Corp and expects to make a £160m profit on the deal. 24-Dec-1997 Lloyds TSB is planning a pilot internet electronic commerce scheme that will use Card Clear's technology for digital certificates to improve security. 16-Dec-1997 Lloyds TSB has said it would launch a counter-bid for either NatWest or Barclays if the two banks are allowed to merge. 06-Dec-1997 Lloyds TSB is to launch a pilot scheme which will enable customers to use local post offices for basic banking transactions, a move designed to alleviate problems for customers who live in areas with few Lloyds TSB branches. 16-Oct-1997 Hill Samuel Life Assurance is to ask policyholders for the go-ahead to merge into Abbey Life, both businesses being parts of the Lloyds TSB group. 06-Oct-1997 Lloyds TSB is to start opening bank branches in Asda superstores, with the first appearing in Reading before Christmas. 10-Sep-1997 Lloyds TSB has sold Business Technology Finance, the leasing finance company, to Newcourt Credit of Canada for £235m, in order to focus on its core retail banking business. 06-Sep-1997 Car Group, the car supermarket chain, is linking up with Lloyds TSB to set up a joint venture called National Used Car Arbitration, which will offer warranties to people who buy used cars from private sellers. 27-Aug-1997 Lloyds TSB has sold its 90% stake in Schroder Munchmeyer Hengst, the German bank, to Union Bank of Switzerland for £100m, as SMH's focus on investment banking does not fit Lloyds' focus on retail banking. 27-Aug-1997 Lloyds TSB is now considering overseas expansion as a way of using its £1bn a year of surplus cash, as UK acquisitions could lead to competition problems. 02-Aug-1997 Lloyds TSB is to open an experimental branch in Salisbury with the Lloyds TSB joint brand name, having previously kept its Lloyds and TSB branches separate. 02-Aug-1997 Bradford & Bingley is acquiring Mortgage Express from Lloyds TSB for £64m. 24-May-1997 Lloyds TSB is acquiring the consumer banking division of Banco Multiplic, its Brazilian associate. 26-Mar-1997 Lloyds TSB is discussing the acquisition of the banking business of Banco Multiplic, its Brazilian associate. 05-Feb-1997 Lloyds TSB is linking up with Video Networks to trial home-banking via television in the Hull area. 11-Dec-1996 Lloyds TSB is planning to auction 108 of its high street banks in November in order to raise £40m to reinvest in core banking activities. 28-Oct-1996 Lloyds TSB has launched a £1.7bn bid to buy the remaining 37% of Lloyds Abbey Life, the life assurer. 21-Sep-1996 Lloyds TSB is to close 150 of its 3,000 bank branches, with most of the staff being redeployed. 13-Sep-1996 Visa International is launching a Visa Cash card, which can be loaded with money and used as a cash-alternative in shops, in partnership with Lloyds TSB, the Royal Bank of Scotland, Abbey National, Barclays, and the Halifax. 26-Jun-1996 Lloyds TSB is to sell Hill Samuel Bank's corporate finance department to Close Brothers for undisclosed terms, with the remainder of the subsidiary being integrated into Lloyds TSB. 01-Jun-1996 Lloyds TSB, the newly-merged banking group, is to lose 500 jobs by closing the TSB administration centre in Birmingham, with some staff transferring to the Lloyds centre in Bristol. 26-Apr-1996 The possibility of a link up between Lloyds TSB and Trust Bank New Zealand has been strengthened by an announcement by Trust Bank that merger discussions have been taking place. 12-Apr-1996 Lloyds TSB could be about to acquire Trust Bank New Zealand. 29-Mar-1996 Lloyds TSB may form a general insurance underwriting operation in order to cut costs and improve revenue. 27-Mar-1996 Lloyds TSB, Barclays, Abbey National and the Royal Bank of Scotland are considering the launch of a stored-value smart card to rival Mondex. 08-Mar-1996 The Lloyds TSB Group has said it would consider purchasing another building society in order to improve productivity and increase competitiveness. 22-Feb-1996 Lloyds Abbey Life is looking to buy a mutual insurance company to improve its product range. 15-Feb-1996 Lloyds Abbey Life is selling its German insurance subsidiary Transatlantische Lebensversicherungs for £50m following a three-year search for a buyer. 29-Dec-1995
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