There was great uncertainty today about the future for employees of Lancet Bank following publication of (29) ...company’s yearly financial results. Losses reached ￡8.5m, (30) ... this year’s financial figures the worst (31) ... almost 20 years. Lancet Bank, (32) .,. was founded over a century ago (33) ...Jamie McCIoud, currently employs more (34) ... 5,000 staff at 200 branches, mainly in Wales and the north of England. Many people believe stories that the bank is planning to close most of (35) ... branches in Wales. However, the bank has refused to comment on (36) ... rumours. Gary Tooley, a spokesman for Lancet, warned that (37) ... some redundancies would be unavoidable, he could give no further details (38) ... September at the earliest. Union officials are currently involved. (39) ... talks with management and are trying to find an acceptable solution for (40) ... parties.

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