Sale of Lloyds branches to Co-Op falls through

[GB9]

That's another few contracts down the pan.

[barrydidit]

Nah, even more to come. The whole thing was hedged on the preference of a sale to Co-op, but with the backup option of an IPO if that went TU. I expect that'll be the default position now. It was going to be run from the lloyds systems anyway so at least this way they're able to work to their own timescales etc.

The RBS sale fell through too so I think they're doing the same thing - IPO?

[GB9]

Reporting that float is most likely.

Not seen any extra jobs for RBS. Lloyds may keep peope on but can't see reason for co op contractors to be kept.

[Alf W]

Meanwhile, a bear tulips in the woods.

[pjclarke]

That's another few contracts down the pan.

Not at the co-Op. They gave a few the push and mothballed a Enterprise Data Warehouse while 'Verde' put a planning blight on major IT development. I know, I was one who departed, guess those projects will now be 'unmothballed' ... :-)

[lilelvis2000]

My clients at the co-op are wondering whether their jobs will be still there after the 24th of May. They were working on the project to integrate the TSB branches into the Co-op.

But I'm okay because I just signed a new maintenance contract til the end of the year. The last time I had a proper maintenance call where I had to do something was two years ago..so its essentially free money.

Mind you they can terminate at any moment. But as I'm the only one who knows how the damn thing works...

[portseven]

Not at the co-Op. They gave a few the push and mothballed a Enterprise Data Warehouse while 'Verde' put a planning blight on major IT development. I know, I was one who departed, guess those projects will now be 'unmothballed' ... :-)

and there was that core banking platform they scrapped coz they thought they were going onto lloyds systems, guess that will have to be 'un-scrapped'. though they could take the chance to try something else, i heard it was a pile of tulipe anyway.

[realityhack]

Swings & roundabouts. I might head back into banking one of these days. They're slightly less mental than meeja.