• Lloyds bank confirms plans to leave Gibraltar for Jersey

    Lloyds bank confirms plans to leave Gibraltar for Jersey0

    Lloyds Banking Group yesterday confirmed it will close its Gibraltar operations and relocate to Jersey, in a widely-anticipated move that follows years of scaling back its operations here. The move is subject to banking licence approval and, according to Lloyds, there is no fixed timing in relation to when the relocation will happen. But court

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  • Jyske Bank to sell Gibraltar subsidiary, citing Brexit as a factor

    Jyske Bank to sell Gibraltar subsidiary, citing Brexit as a factor0

    Denmark’s Jyske Bank Group announced yesterday that it plans to sell its subsidiary bank in Gibraltar, citing Brexit and its wider corporate strategy as key factors in its decision. The bank has already engaged in talks with a number of “serious buyers” interested in taking over Jyske bank (Gibraltar), which employs 100 staff, most of

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  • Hard Brexit will disrupt UK business, says Irish bank chief

    Hard Brexit will disrupt UK business, says Irish bank chief0

    By Cate McCurry, Press Association A hard Brexit will lead to a disruptive environment for British businesses, the Central Bank of Ireland has warned. It also said that the uncertainty surrounding the transition deal and final outcome of Brexit has had a “chilling effect” on investment in the UK. Central Bank chief Philip Lane said

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  • Sir Joe opens revamped NatWest branch

    Sir Joe opens revamped NatWest branch0

    Minister for Economic Development Sir Joe Bossano formally opened the NatWest International Line Wall Road branch yesterday morning following a million pound investment in the premises. The bank is also celebrating 30 years on the Rock. Head of Corporate and Commercial at the bank, David Bruce, welcomed Sir Joe, staff and customers and gave them

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  • Lloyds to swing the axe on over 6,000 jobs in digital push

    Lloyds to swing the axe on over 6,000 jobs in digital push0

    By Ravender Sembhy, Press Association City Editor Lloyds Banking Group has confirmed it is to axe 6,240 jobs as part of a digital overhaul. The high-street lender said that as part of the shake up, it will also create 8,240 new roles, resulting in a net creation of 2,000 jobs. Lloyds said that 75% of

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  • Awareness day

    Awareness day0

    Representatives from the Gibraltar Deposit Guarantee Scheme held a roadshow last week ending with an awareness stall outside the Piazza. They spoke to members of the public about this scheme that protects individuals’ and businesses’ money if a bank were to go out of business. There were also stalls held in Jyske Bank and Morrison’s

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