TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Trending

Lloyds Bank tells most of its 65,000 staff to work from home until SPRING

by souhaib
October 24, 2020
in Trending
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


You might also like

Meet Trumpet, the winner of the prestigious Westminster Kennel Club dog show | Video

Ludacris’ Manager And 2 Others Shot, 1 Fatally, In Georgia

‘These deaths are on Biden’

Lloyds Bank tells most of its 65,000 staff to work from home until SPRING in fresh coronavirus blow for the City

  • Lloyds Bank has told most of its 65,000 staff to work from home until spring  
  • About two-thirds are working from home but branch staff are serving customers
  • It wants them to stay away from the office for at least the next five months 

By Emma Dunkley For The Mail On Sunday

Published: 22:12 BST, 24 October 2020 | Updated: 22:38 BST, 24 October 2020

Lloyds Bank has told most of its 65,000 staff to work from home until spring at the earliest.

It wants them to stay away from the office for at least the next five months following Government guidance urging employees to work remotely if they can.

The move by the bank will come as a blow to the City of London, where it employs thousands.

Lloyds Bank has told most of its 65,000 staff to work from home until spring at the earliest. A bank branch is pictured above

About two-thirds are working from home, but staff are still serving customers at its 890 branches.

Lloyds said: ‘In line with guidance from the UK and national governments, and given the majority of our colleagues are working from home, we have asked them to continue to do so until at least spring.’

However, the shift by big businesses to work from home is adding to fears of another recession. 

Catherine McGuinness, chairwoman of the City of London’s policy committee, said it was vital to bring people back to offices to support the economy, adding: ‘My big fear is… we may see the economy freezing over the winter, just when we need a recovery for saving jobs.

Banks bonus bonanza from pandemic

Banks are boosting their bonus pots as City traders rake in huge profits from turmoil in the markets.

Barclays has bumped up its cash pile for bonuses so far this year to £745 million – almost a tenth more than it set aside for the same period in 2019.

American investment banks with thousands of staff in the UK, including Goldman Sachs, JP Morgan and Morgan Stanley, have also set aside larger bonus pools this year. Investment banks have pocketed chunky fees from helping firms raise cash to weather coronavirus. 

Banks will finalise bonus payouts at the end of the year, but any sign of bumper bonuses during the Covid crisis is likely to be controversial. It will also anger UK bank shareholders, whose dividends stopped in March.

The Bank of England will decide later in the year whether the dividends can restart. Banks were told to drop them to protect against an economic storm.

‘I am really worried about the supporting businesses – the bars, the cafes, the hairdressers – and how they will manage to survive.

‘The economic impact will be phenomenal if we’re not careful.’

Chris Williamson, an economist at the business consultancy IHS Markit, warned: ‘The pace of economic growth slowed in October to the weakest since recovery from the national lockdown began.’

Other large firms are closing offices or asking employees if they want to work from home for ever.

The consultancy Deloitte could shut four offices, which would leave 500 people working from home, and investment manager Schroders told its 5,000 global staff in August they could work where they chose.

Share or comment on this article:



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Tags: dailymail
Share30Tweet19
Previous Post

Khabib Nurmagomedov retires from UFC after beating Justin Gaethje

Next Post

Thousands of Britons with mouth cancer will be spared chemotherapy thanks to immune-boosting drug

souhaib

Recommended For You

Meet Trumpet, the winner of the prestigious Westminster Kennel Club dog show | Video

by souhaib
June 28, 2022
0

Posted at 16:47 ET (20:47 GMT) Friday, June 24, 2022 playing 0:49 Posted at 16:33 ET (20:33 GMT) Monday, June 27, 2022 1:07 Posted at 11:48 ET (15:48...

Read more

Ludacris’ Manager And 2 Others Shot, 1 Fatally, In Georgia

by souhaib
June 28, 2022
0

ATLANTA (AP) — A man was killed and two others were injured, including rap star Ludacris’ manager, in a parking lot shooting in an upscale neighborhood north of...

Read more

‘These deaths are on Biden’

by souhaib
June 28, 2022
0

Soon after authorities identified an 18-wheeler that carried up to 100 people deserted in San Antonio, like at least 46 people today who have been deceased, Texas Gov....

Read more

Blue-city prosecutors in red states vow not to press charges over abortions

by souhaib
June 28, 2022
0

“Criminalizing abortion will not end abortion; it will simply end safe abortions, forcing the most vulnerable among us — as well as medical providers — to make impossible...

Read more

Carrie Johnson shares image of daughter Romy at G7 summit

by souhaib
June 28, 2022
0

Happy mom Carrie Johnson shared a guiding-the-scenes snap of her six-thirty day period-aged daughter Romy at the G7 summit, a 7 days soon after the spouse and children...

Read more
Next Post

Thousands of Britons with mouth cancer will be spared chemotherapy thanks to immune-boosting drug

No Result
View All Result

Recent Posts

  • Meet Trumpet, the winner of the prestigious Westminster Kennel Club dog show | Video
  • Gertzian_waves | The Economist
  • Ludacris’ Manager And 2 Others Shot, 1 Fatally, In Georgia
  • Blue-city prosecutors in red states vow not to press charges over abortions
  • ‘These deaths are on Biden’

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide