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THE battle between Lloyds Banking Group and its charitable arm in Scotland escalated last night with claims the bank was threatening to terminate the cash- giving covenant between them. Mary Craig, chief executive of the Lloyds TSB Foundation for Scotland,...
Tags: Lloyds Banking Group, Scotland, Lloyds TSB Foundation, Ross, Lloyds Bank, Trustee Savings Bank, Business Finance, Lloyds TSB
At a meeting between the foundation and the bank in London, the Trustees, who donate about £6 million a year, said that the bank had made no substantial change to future funding plans which have already been rejected. Alongside similar foundations for...
Banking Group has caved in to pressure and will meet its charitable arm tomorrow, following a high-profile public campaign against plans to cut funding to charities across Scotland. The talks between the banking group and Lloyds TSB Foundation for Scotland...
Scottish good causes face a bleak future after Lloyds Banking Group said it was to drastically cut its charitable foundation's funding – worth at least £6 million a year – in the wake of the financial crisis. The move has raised fears some charities will...