Lloyds, Halifax and Bank of Scotland branches due to close

Yorkshire Post

Deputy business editor of The Yorkshire Post with the latest business headlines, including the news that Lloyds, Halifax and Bank of Scotland branches are due to close

Transcript

00:00 Hello, my name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post, and

00:05 here are your business headlines for this morning. Lloyd's Banking Group is shutting

00:10 another 45 branches across its network and the Halifax and Bank of Scotland brands amid

00:16 the ongoing shift away from high street banking. The group is closing 22 Halifax branches,

00:22 19 Lloyd's branches and four in the Bank of Scotland business. It comes a week after NatWest

00:27 Group said it plans to shut another 19 branches, mostly in the early part of next year. The

00:34 latest closures take the total number of high street branches shut across the sector to

00:38 623 so far this year. Lloyd's is said to close the bulk of the branches in March and April

00:45 next year, with some also closing in August and a tranche in November. It means that at

00:50 least 276 branches will be shut across Lloyd's, Halifax and Bank of Scotland this year and

00:57 next. There's been a massive exodus of branches from the high street in recent years and many

01:02 people will be concerned about the continuing closure of branches and the impact on customer

01:07 service among customers who still value face-to-face service. So an announcement this morning that

01:14 Lloyd's Banking Group is shutting another 45 branches across its network and the Halifax

01:19 and Bank of Scotland brands amid the ongoing shift away from high street banking. My name

01:25 is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.

Category

Transcript

Be the first to comment

Recommended