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Darling seeks bank job assurances Darling seeks bank job assurances
(30 minutes later)
Assurances are being sought over Scottish jobs after Lloyds TSB unveiled details of its takeover of HBOS.Assurances are being sought over Scottish jobs after Lloyds TSB unveiled details of its takeover of HBOS.
Lloyds TSB said it would continue to use the HBOS headquarters in Edinburgh and would focus on retaining jobs north of the border.Lloyds TSB said it would continue to use the HBOS headquarters in Edinburgh and would focus on retaining jobs north of the border.
It also said it would continue to print Bank of Scotland notes.It also said it would continue to print Bank of Scotland notes.
Chancellor Alistair Darling - who represents an Edinburgh constituency - said he was "extremely concerned" about local jobs and was seeking assurances.Chancellor Alistair Darling - who represents an Edinburgh constituency - said he was "extremely concerned" about local jobs and was seeking assurances.
HBOS has 17,000 staff in Scotland, while Lloyds TSB has more than 7,000 employees.HBOS has 17,000 staff in Scotland, while Lloyds TSB has more than 7,000 employees.
"It is very sad for employees of HBOS," said the chancellor."It is very sad for employees of HBOS," said the chancellor.
There are many of my constituents in Edinburgh who will be affected by this and it will be very worrying for them Alistair DarlingChancellor Timeline: The Bank of ScotlandSalmond attacks financial 'spivs'There are many of my constituents in Edinburgh who will be affected by this and it will be very worrying for them Alistair DarlingChancellor Timeline: The Bank of ScotlandSalmond attacks financial 'spivs'
"The new bank has made it clear that it wants to maintain its Scottish headquarters in Edinburgh."The new bank has made it clear that it wants to maintain its Scottish headquarters in Edinburgh.
"I've spoken to Lloyds TSB as well as to HBOS because I am extremely concerned about jobs."I've spoken to Lloyds TSB as well as to HBOS because I am extremely concerned about jobs.
"There are many of my constituents in Edinburgh who will be affected by this and it will be very worrying for them."There are many of my constituents in Edinburgh who will be affected by this and it will be very worrying for them.
"But I know that the new organisation will be very keen to make its position as clear as it possibly can and I very much want a significant presence to remain there.""But I know that the new organisation will be very keen to make its position as clear as it possibly can and I very much want a significant presence to remain there."
The chancellor also confirmed the government would "waive competition requirements" in relation to the takeover.The chancellor also confirmed the government would "waive competition requirements" in relation to the takeover.
Lloyds TSB unveiled the terms of its £12.2bn takeover of Britain's biggest mortgage lender after the HBOS share price plunged.Lloyds TSB unveiled the terms of its £12.2bn takeover of Britain's biggest mortgage lender after the HBOS share price plunged.
Meanwhile, Independent MSP Margo MacDonald called for an emergency sitting of the Scottish Parliament to discuss threats to the Scottish banking sector.
In a letter to the presiding officer she said: "The normal ministerial statement, while valuable, is insufficient to meet the needs of our economy and, above all, the anxiety hanging over the heads of the staff of the bank."