Sir Nicholas Goodison, the chairman of TSB, yesterday revealed that reorganisation, mainly of the banking and insurance businesses, cost pounds 44m in the latest half-year, while another 1,100 jobs were lost. He said fewer jobs are to go in the second half. Since the start of 1990, TSB has shed 5,500 jobs. He also reported a sharp drop in bad debts, down pounds 227m on the second half of last year to pounds 205m, though pounds 40m higher than a year ago. The shares fell 3.5p to 194p.