Summary
THE rollercoaster ride of uncertainty looks set to continue for hundreds of staff employed by Gloucester-based mortgage lender C&G after the Chancellor announced three new high street banks are to be crated. Alistair Darling has revealed plans to sell off the taxpayer's holdings in the banking sector, including C&G owner Lloyds Banking Group, to create three new high street banks, increase competition and recouping the costs of the Treasury's multibillion-pound bail-out. For the 1,400 staff at Barnwood-based C&G (Cheltenham & Gloucester) it means still further uncertainty.
The new banks would be created over the next few years as Lloyds Banking Group, Northern Rock and Royal Bank of Scotland are re- privatised.See the full content of this document
Extract
Uncertainty for C&G Staff
Mike Warburton, a Gloucestershire-based partner in business experts Grant Thornton, said: "I think employees...
See the full content of this document
Sponsored links
