Lloyds Banking Group expected to reveal a sharp fall in pre-tax profits when annual results are announced on Thursday

The company employ 6,000 staff in Calderdale, and have two major corporate centres in the borough, on Trinity Road and in Copley.

The high street lending giant is anticipated to take a full-year hit of around £2.5 billion from the mis-selling saga. Pre-tax profits are expected to fall 25 per cent to £4.47 billion for 2019, while underlying pre-tax profits will drop 4 per cent to £7.72 billion, according to forecasts.

Also in sharp focus will be the 2019 pay details for Lloyds boss Antonio Horta-Osorio, who has faced criticism over his pay over the past year, and is expected to see a cut from 2018’s near-£6.3 million total package as a result of the pressure on profits last year.

It is understood the bank is set to overhaul executive pay, with the report set to outline the plans to scrap a controversial bonus scheme, which could further cut his pay potential for 2020 and beyond.

The group has also reportedly been looking at halving Mr Horta-Osorio’s annual pension allowance after outrage at the gap between his pension and those of other Lloyds employees.

Meanwhile, the bank has been cutting more branches, only last month announcing another 56 will go.

It revealed it will shut 31 Lloyds, 10 Halifax and 15 Bank of Scotland branches between April and October, though the impact on jobs is minimal as it seeks to redeploy many affected elsewhere.