08:50 13 May 2013
Recent news for banking puts Sainsbury’s as the potential full owner of Lloyds Banking Group. Sainsbury’s currently owns about 50per cent of the Lloyds Banking Group and believes that acquiring the remaining 50per cent will give it more versatility and opportunities for growth.
What will these banking changes mean for customers?
The consensus is that this banking move will be beneficial for consumers, and will provide greater monetary assets for Sainsbury’s which would supposedly foster improvements in services and products for the future. The news is apparently creating an upbeat attitude for the banking industry in Edinburgh.
The change would also set up Edinburgh as the financial centre of the area since Tesco Bank and Virgin Money are also based there. There has been no talk of any staffing changes in relation to this banking shift either, so it appears for now that employment is expected to remain similar.
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