Most HBOS staff reassured over jobs - papers

Correspondence sent to HBoS employees insists they were will be no major changes for the vast majority of them when the new bank officially begins operating a week today. The correspondence - sent to HBoS employees last week - comes as integration of the two banks moved a step closer with the taxpayer taking a near 44% stake in the combined group. There had been some speculation of heavy job losses once the deal is completed. The combined bank will employ around 140,000 staff and have 3,000 branches in the UK, more than any other British bank. The Government's proposed revaluation of bu...