Lloyds TSB is pulling out of its £140bn global share custody and unit trusteeship business.
This will see the closure of its operations in central London and Chelmsford
The bank has made arrangements with State Street Bank and Trust Company of the US to take on the business. It is recommending its existing customers transfer their business there.
The Independent 27/07/99 page 19
Financial Times 27/07/99 page 21
The Daily Telegraph 27/07/99 page 29
The Times 27/07/99 page 30
The Guardian 27/07/99 page 20
