Lloyds Makes Cut-Backs In London FX While Hill Samuel Winds Down Treasury

BANKS

Lloyds Bank appears to be continuing its cut-back in foreign exchange trading, according to sources who say as many as eight FX traders have been let go in London. Meanwhile, the entire treasury operation at Hill Samuel is being wound down and should be completely closed by the end of August, sources say.

Lloyds Bank merged with the TSB Group late last year to form Lloyds TSB Group (FXW, October 16). Prior to that, TSB merged with its merchant banking subsidiary, Hill Samuel, early last year to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: