Last November we pointed out that Lloyds Banking Group (LBG) had seen more bombshells than an EastEnders Christmas special. If you need reminding why, 2013 alone saw the bank look to outsource teams to legal advisers, merge other in-house functions and make a number of senior legal management moves. Order them a double shot of espresso, will you.
Actually, scratch that. With barely a moment to put 2014’s feet up, Lloyds’ legal news is back. And this time, rival Barclays gets in on the action.
The banking giant has hired Lloyds’ head of legal for channels and intermediaries within the retail & wealth division, Sian McIntyre. She works in the department which is having its litigation unit tendered out to panel firms, if you were looking for a soapy plot twist.
Meanwhile sources say Barclays is on a hiring spree following the hire of former general counsel of Pittsburgh-headquartered PNC Financial Services Group, Bob Hoyt, as general counsel last August. That means someone should get them a cuppa, too. Twists and turns ahead.
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