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The Mound to be Scottish base of new group

HBOS’ main base of operations in Edinburgh, The Mound, will remain as Scottish base for enlarged group.

In a statement this morning, it also says that it will continue to hold its Annual General Meeting in Scotland and will continue to print Bank of Scotland bank notes.

In addition the management focus is to keep jobs in Scotland.

There were warnings yesterday that up to 40,000 jobs could potentially be at risk as a result of the mega merger between the two brands.

Sources warned that because there are so many synergies between the two brands, the potential human cost in terms of job losses could be huge.


Preserve remnants of our finest hour

A few months ago in deepest darkest Surrey, a home owner applied for planning permission to demolish a World War II pillbox standing in his front garden. Quite rightly in my opinion, Guildford Borough Council rejected the application and as a result the owner has appealed.

Rates on the rise again is predicting a lender U-turn on the recent rate cuts in the coming weeks.

C2 abandons packaging

Industry pundits say C2 – Financial’s decision to close its doors to mortgage business last week is a sign that the traditional packaging market could soon be a thing of the past.

L&G bigwig joins Towergate

Ben Thompson, managing director of Legal & General Mortgage Club, has revealed he is leaving the firm to join Towergate Partnership, the parent group of his previous employer Paymentshield.


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