FX Week

TSB Group To Relocate Treasury Staff To Birmingham In 1994

BANKS

TSB Group Plc, the U.K. retail banking and insurance organization, is planning an enhanced treasury operation to be centered at its subsidiary TSB Bank Plc's head office in Victoria Square, Birmingham, in the English Midlands, bank sources say.

"TSB Group Plc itself will remain in London but the treasury operation is expected to move to Birmingham some time in 1994," says the TSB spokesperson.

The move is described as another step in the TSB Group's strategy to integrate its various businesse