One of the Lloyds TSB branches in Telford Town Centre and the branches in Walker Street, Wellington and Albrighton High Street are being re-branded as TSB this week as part of an EU-mandated break up of the bank.
When the British government asked the EU for permission to bail out Lloyds TSB, one of the conditions for saving it from bankruptcy was that the bank had to be broken up. The TSB will be run as a separate division of Lloyds until late next year when it will be sold off by a share issue. Assuming the EU agrees to extend the deadline for selling TSB off of course.
I wonder how many people thought this is where the “Common Market” would lead back in 1975?