THE TSB, one of Lloyds said yesterday it would register TSB south of the Border instead of in
Scottish Labour's finance spokesman,
"Now we have a major player in the Scottish financial sector, which employs 95,000, choosing to register in
Scottish Conservative finance spokesman,
"This move also means we have to watch very closely if other major businesses make similar decisions."
TSB, which grew out of a 19th Century parish savings bank in the Dumfriesshire village of Ruthwell, will be placed in a holding company registered in
A spokesman for TSB said: "
"As part of the process for preparing for the IPO,
"The new company replaces an existing company, which currently holds
"Establishing new companies as part of a listing or IPO process is standard practice."
THE TSB, one of
Lloyds said yesterday it would register TSB south of the Border instead of in