Tuesday, November 04, 2008

The Quiet American

That, apparently, is the city nickname for Lloyds TSB Chief Exec. Eric Daniels. But yesterday, during a broadcast conference call, he sounded like the king of jargon. He talked about using the "synergy" that will arise between HBOS and Lloyds TSB to create £1.5 billion in savings for the merged banking entity.

I think that means here in Halifax that jobs will go - especially as the news reports seem to favour the BOS side of things, as opposed to the mortgage specialist H part of the company.

Let's hope the quiet American is prepared to listen to the town's MPs and Rosie Winterton, MP, Minister for Yorkshire & the Humber, because "synergy" could mean the end for this town.

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