This paper examines relationships between Human Resource Management HRM, work climate and organizational performance in the branch network of a retail bank. It extends previous research on group-level climate-performance and HRM-performance relationships and examines how climate and HRM function as joint antecedents of business unit performance. Significant correlations are found...
Pricing is both a marketing and a financial function. If a person gets it right, customers will feel they have value for money, while the person produces enough profits to build his or her long-term success in business. If the person gets it wrong, the person will have lower sales,...
Direct marketing is unique in its ability to reach the potential customer. It can send a message that is focused, measured, intimate and which literally penetrates the home or office of the intended target without one ever meeting that person face to face. This paper focuses on attracting consumer customers...
One of the keys to the success of the business and achieving the personal goals is undoubtedly how a person manages his time. He needs to maximise the time he spend on activities which really add value and contribute the most towards his success, while minimising the effects of those...
Interest rates have been drastically slashed by 150 basis points to three per cent -- the lowest rate since 1954. The shock move met with mixed reactions from economists. Five of the Times's 'shadow' MPC members called for a full-point cut ahead of the decision. Hetal Mehta,...
By Randall Mikkelsen and Diane BartzWASHINGTON (Reuters UK) - Lloyds TSB has agreed to forfeit $350 million (£231 million) to U.S. authorities in connection with charges it faked records so clients from Iran, Sudan and elsewhere could do business with the U.S. banking system.The actions violated the International Emergency Economic...
Banks take a pummelling, with HBOS slumping by more than 90 per cent GLOBAL EQUITY markets notched up record losses in 2008, with the UK's benchmark FTSE 100 index recording its worst performance since launching 24 years ago. HBOS was the worst...
Investors likely to shun Lloyds TSB and HBOS shares ahead of the merger LLOYDS TSB and Halifax Bank of Scotland face part- nationalisation next week after their share prices ended the year far adrift of the offer prices for their combined 13bn equity raisings. ...
Business in brief BANKING HBOS pension fund trustees are threatening legal moves to delay the bank's takeover by Lloyds TSB until better protection is given for the scheme. The guardians of the 80,000-member pension fund are to meet on Friday to vote on whether to lodge...
THIS YEAR has been traumatic for investors. We have lived through a financial crisis of mammoth proportions. The sheer size of the bail-outs and write-offs have been astounding. According to the Bank of England, the total losses worldwide could reach $2.8 trillion (about 1.8 trillion). The current...
Halifax and Nationwide, the lenders whose house price outlook helps to set the benchmark for property sentiment, have both refrained from predicting the evolution of house prices next year. Halifax said that making a prediction would be inappropriate due to its impending ownership by Lloyds TSB, which...
Market Report The banking sector lagged behind as weak sentiment sent leading stocks to the bottom of the Footsie last night. Persistent speculation about a possible capital raising at HSBC, a "sell" note on Lloyds TSB and a fresh wave of grim economic...
Byline: By EXAMINER News Correspondent SHAREHOLDERS in HBOS have overwhelmingly approved the bank's takeover by rival Lloyds TSB and an pounds 11.5bn funding boost from the taxpayer. The Edinburgh-based bank has a huge presence in West Yorkshire, particularly in Halifax. Based on votes cast...
It would have been deeply irresponsible for the board to make any other recommendation" Lord Stevenson, chairman of HBOS, on backing a Lloyds TSB takeover...
Shares fall 23% as bank sounds alarm over its loans HALIFAX BANK of Scotland's bad debts and other charges have risen by two-thirds in two months as corporate and consumer loans buckle under economic pressure. The banking giant, whose shareholders yesterday approved its...
Stock markets Shares ended lower, snapping a three-day winning streak, as banking stocks, weakened by mounting concerns about a deep recession, outweighed positive energy stocks. Lloyds TSB fell 5.5 per cent and Commerzbank was down 2.4 per cent. Ger-many's DAX index was off 0.8 per cent;...
Byline: By HENRYK ZIENTEK Business Reporter HALIFAX Bank of Scotland today revealed that level of bad debts on mortgages and unsecured lending has soared to about pounds 1.7mso far this year. In an update before today's vote on the takeover by Lloyds TSB, HBOS estimated the...
Briefing HBOS AND LLOYDS TSB last night defeated an attempt to block the merger of the two banks, clearing the way for Halifax Bank of Scotland investors to vote on the bank's government-brokered takeover tomorrow. The Competition Appeal Tribunal rejected the case from the Merger Action...
Anyone want to buy a second-hand jet? Got a spare $20m knocking about? If so, why not pick up a bargain in the second-hand business jet market. Prices are plummeting, says used plane dealer Jet Republic, following a 90 per cent increase in the number of second-hand...
Business in brief BANKING Britain's competition appeals body will rule today on a last-ditch legal chall- enge to derail Lloyds TSB's takeover of HBOS, days before investors are due to vote on the deal. The Merger Action Group, backed by several Scottish businessmen and the film...
