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Lloyds group to close down branches

The Lloyds Banking Group will close down several branches. It said it will be closing down 19 Lloyds, 7 Bank of Scotland and 3 Halifax branches in June across the UK. In addition, there would be 1,755 job losses. The branches to close will be in areas of overlap, but it has not confirmed which will close. A spokes person for the group said as part of a Group Strategic Review, the group confirms that it will be closing 29 branches during June this year. In many cases this is due to an overlap of branches in towns, and in some cases it will be to address reduced demand levels, she added.

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