Lloyds bankers go to comedy school

Rights, Scams and Politics

Updated on 09 December 2011 | 7 Comments

It's no joke! Part-nationalised bank sends department heads on two-day workshop.

Part-nationalised Lloyds Banking Group has sent ten senior staff members to workshops run by the London-based Comedy School.

Details of the training were featured in the latest issue of the bank’s internal magazine. The bank’s HR department claimed the courses were offered to “challenge our talent to learn and develop skills that will drive our business forward in an innovative and truly engaging way.”

But it’s almost impossible to resist the urge to comment that the situation at the bank is no laughing matter at the moment.

Shares have plummeted in the wake of Chief Executive Antonio Horta-Osorio being signed off with stress and extreme fatigue.

The board is reported to be assessing whether he should return to his post or not.

The share price decline means that the taxpayer stake in the bank is now worth £13 billion less than when it was bought.

It is also being forced to sell 632 branches in order to meet European competition rules following its bailout.

New player NBNK and the Co-operative Group are favourites to take over the branches.

More: Snow ‘would help prevent double-dip recession’ | FSA fines HSBC £10.5 million for mis-selling

Comments

Be the first to comment

Do you want to comment on this article? You need to be signed in for this feature

Copyright © lovemoney.com All rights reserved.

 

loveMONEY.com Financial Services Limited is authorised and regulated by the Financial Conduct Authority (FCA) with Firm Reference Number (FRN): 479153.

loveMONEY.com is a company registered in England & Wales (Company Number: 7406028) with its registered address at First Floor Ridgeland House, 15 Carfax, Horsham, West Sussex, RH12 1DY, United Kingdom. loveMONEY.com Limited operates under the trading name of loveMONEY.com Financial Services Limited. We operate as a credit broker for consumer credit and do not lend directly. Our company maintains relationships with various affiliates and lenders, which we may promote within our editorial content in emails and on featured partner pages through affiliate links. Please note, that we may receive commission payments from some of the product and service providers featured on our website. In line with Consumer Duty regulations, we assess our partners to ensure they offer fair value, are transparent, and cater to the needs of all customers, including vulnerable groups. We continuously review our practices to ensure compliance with these standards. While we make every effort to ensure the accuracy and currency of our editorial content, users should independently verify information with their chosen product or service provider. This can be done by reviewing the product landing page information and the terms and conditions associated with the product. If you are uncertain whether a product is suitable, we strongly recommend seeking advice from a regulated independent financial advisor before applying for the products.