Lloyds TSB plans bank charge cut
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Lloyds TSB cuts its charges for unauthorised overdrafts, in the face of a customer revolt.
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Lloyds TSB Group Plc, the UK&#39;s fifth-largest bank by assets, said annual pretax profit may fall 23 percent, after earnings doubled last year on proceeds from the sale of its businesses in New Zealand and Brazil.
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The move by the consortium of banks, which is led by the Royal Bank of Scotland Group, is intended to help it prevail in a bidding war with Barclays.
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Online banking and brokerage firm  E*Trade Financial Corp. ET.N on Tuesday unveiled broad cuts  to its transaction fees as part of a strategy to attract retail  investors and options traders.
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The deal includes almost 70,000 VoIP telephones and will reduce Lloyds&#39; network costs, IBM said. The announcement comes on the heels of reports that IBM is exiting the personal computer business.
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Bank of England announces second quarter-point cut in the past three months
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ABN Amro, the biggest Dutch bank, yesterday announced it would take a one-off â¬790m ($1bn) charge as it slashes 2,850 wholesale banking and back-office jobs, confirming a report in yesterday&#39;s FT.
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Business & money: Defeat for banks could wipe out Â£3.5bn of income as RBS blames OFT for customers' complaints
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Nonetheless, some investors expect the bank to cut borrowing costs this year, backtracking from its pledge to raise interest rates gradually.
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Scottish & Southern is going to cut gas and electricity bills for its customers - but will not yet say by how much.
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International Business Machines Corp. said Monday it will provide voice and data services to British financial-services company Lloyds TSB Group PLC for seven years in a deal worth $971.6 million.
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Banking group Lloyds TSB said Tuesday it will transfer about 1,000 British jobs to India by the end of next year. The group will transfer jobs in its information technology and group operations departments
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Lloyds TSB Group Plc, the UK&#39;s No. 5 bank by assets, plans to move at least another 1,000 employees from Britain to Asia, where labor costs are lower.
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Goldman Sachs is close to completing a  15 billion pound ($29.5 billion) financing package to be used  by suitors for UK lender Northern Rock , the Sunday  Times reported, adding details may be unveiled this week.
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Moves to scrap tolls on the Forth and Tay road bridges is expected to go forward with the publication of a bill.
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IBM has signed a seven-year, $969.2  million contract with British bank Lloyds TSB to supply it with  Internet telephony and data services, IBM said on Monday.
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COMPUTER bellwether IBM has signed a seven-year, Â£500 million contract with Lloyds TSB to supply the UK bank with internet telephony and data services.