Home | Links | Contact Us | Press | Post a job | Bookmark
Search Available Jobs:
Home Latest press releases Halifax-and-Bank-of-Scotland-discuss-surprise-merger


 EXECUTIVE STAFFING PARTNER - RECRUITER
Universal Technical Institute, Inc. (NYSE: UTI) is a nationwide provider of technical training &...


 Contract Collections Recruiter Coordinator - Phoenix, AZ
As a Recruiting Coordinator, you will be responsible for assisting recruiters, hiring managers, and ...


 HR Recruiter/Employee Relations
Description Ensure employee relations activities are in compliance with state and federal laws ...


 Human Resources Manager
West Valley manufacturer is seeking a bilingual HR Senior Manager. This qualified individual would ...


 Senior HR Generalist
Senior HR Generalist       STMicroelectronics is currently seeking a Senior HR G...


 Sr. HR Generalist
Job Description Job Title: Sr. HR Generalist Department: Human Resources Reports to: Director of H...


 Bilingual Recruiter; DHR - Phoenix
DHR is one of the leading outsourcing businesses in the U.S. providing professional services such ...


 HR Coordinator
  Responsible for the implementation of consistent application of company policy in properly ...


 Curriculum Designer-DS10939 - (DS10939)
CURRICULUM DESIGNER-TEMPE, AZ Bachelor Degree or equivalent education and experience. oSupport ...


 Recruiting Specialist
Go Daddy is a leading provider of services that enable individuals and businesses to establish, ...


 Halifax and Bank of Scotland discuss surprise merger

Mortgage bank Halifax and the Bank of Scotland surprised the City today by announcing they have begun merger talks to create a ?28bn banking giant.

The proposed move would produce one of Britain's biggest banks, with 57,000 staff and more than 1,000 branches.

The merged banks could benefit customers by posing a threat to the traditional domination of Barclays, HSBC, Lloyds TSB and Royal Bank of Scotland. The office of fair trading has been concerned about the "Big Four's" domination of the small business banking and current account markets.

Prior to today's announcement, the Edinburgh-based Bank of Scotland (BoS) had already failed twice in merger attempts with Abbey National and NatWest.

Shares in both companies rose around 6% today as the City appeared to welcome the proposed deal. The move is described as a "merger of equals", although Halifax would be the larger partner with 37,000 employees and a market value of around ?18bn. BoS has some 20,000 staff and is valued at more than ?10bn.

A merger would help the Halifax strengthen areas away from the mortgage market, while BoS would get a stronger influence outside Scotland.

Details of the proposed merger are sketchy, although the news will raise concerns about the security of thousands of banking jobs. While there is little overlap in terms of branch locations, the enlarged bank will need to decide where to have its head office.

Bill Furness, chief executive of the Edinburgh Chamber of Commerce, said: "Clearly we are concerned about what will happen to jobs, particularly in Scotland, and whether there will be an overlap between branches."

John Edmonds, general secretary of the GMB union, said: "We will be monitoring the situation and talking to management to ensure that the workforce is not adversely affected."

News of the merger comes just weeks after Lloyds tabled a ?19bn bid for Abbey National.

Related articles
09.04.2001: BoS to resume Abbey talks
01.03.2001: Abbey surrender leaves two banks prey to takeover
11.03.2001: Time to consummate Abbey's stormy love affair


Useful links
Halifax
Bank of Scotland
Office of fair trading consumer help


Related jobs
  Associate Designer
Responsible for researching domestic markets in order to identify new trends, fabrics and techniques. Must have College degree in Fashion Design or related field and ...
  Sample Developer
Sample Developer 1-3 years of product development experience, preferable in production and/or sourcing. Assist with the development and process of licensed label/brand ...
  DESIGN ASSISTANT I
KORET, a leading women's apparel manufacturer and a division of the rapidly expanding Kellwood Company, has an exceptional opportunity for a high-energy, detail-oriented ...
  Territory Specialist - Textile Care Industry
Ecolab's Textile Care Division provides products, systems and services that meet the complex needs of large commercial laundry operations. Recognizing that customers ...
  Director CAD Textile Design
Job Responsibilities: Director, Mens CAD Textile Design Responsible for overall creative direction, project management, and administrative follow through for mens ...
  Housefile Manager - Direct Mail Circulation
  LOOKING FOR A NEW ADVENTURE? Chart Your Course for THE TERRITORY AHEAD     The Territory Ahead is a leading specialty apparel catalog, e-...
  Sales Trainee/Customer Service
International Bathrobe, Towel and Sheet company selling best hotels and spas worldwide seeking customer service analyst with eventual sales responsibility. A...
  Sales Account Manager - CTI Group Uniforms Division
CTI Group is seeking for an experienced and talented Sales Account Manager to contribute to new and existing business and to development new accounts in our Uniform and S...
  Assistant Buyer - Ladies
Job Description : Stein Mart, Inc. is currently seeking an Assistant Buyer to join our busy Merchandising Division. This position interfaces with Buyers, Vendors and ...
  Government Sales Representative
The ideal candidate will: Have experience in the field of government sales Possess excellent communication skills, be detail oriented, have a willingness to travel, and ...

Related press releases
The butt end of the deal?
Smokers are receiving an unfair deal by paying an average of ?85 a year more for life cover, according to LifeSearch, an internet broker that is campaigning to have rates...
House price fever cools
The housing market is cooling, according to new figures showing a fall in the rate of price inflation and a dip in mortgage lending. New data from the Land Registry show...
Big step on to the property ladder
Declan Murphy Age: 36 Occupation: Administrative assistant Earns: ?13,000 Mortgage: None Debts: None Investments: Isas, building society accounts, life insur...
Schemes and dreams
There are a range of different equity release schemes on the market, some of which are only available to older people. Roll-up mortgage schemes Also known as cas...
Fix your sights on loan deals
If you are not too scared by the gloomy forecasts about house price falls from the economists and are buying or remortgaging, there are now an enticing range of loan deal...
CBI predicts interest rate will fall to 4.75%
Interest rates will have to fall below 5% for the first time in nearly 40 years to insulate the economy from the global downturn which began in the US last autumn, big bu...
Nationwide talks up 'naive' strategy
Nationwide, Britain's biggest building society, said yesterday that its new mortgage sales fell 21% in the year to April but pledged to turn the heat up on rivals by "att...
Labour creating secondary maze
The first Blair government concentrated its education energies on primary schools with considerable success. In the next parliament, the key challenge will be secondary e...
So many pensions - what am I to do?
Tricia Herbert Age: 50 Lives in: Sunningdale Occupation: School principal Earns: ?50,000 Mortgage: None Debts: None Investments: M&G Isa Pensions: In UK, D...
Why the banks are best
Halifax says that of 59 societies surveyed, all but seven had variable mortgage rates higher than the Halifax's rate at the time it did the research (6.5%). Of the 52 s...
0.594

Archive: All jobs - Links

Copyright (c)2006 Efbf.org/jobs - All rights reserved