Lloyds Bank to Close Further 15 Branches by End of March 2019 -- Update
September 12 2018 - 11:44AM
Dow Jones News
(Adds Lloyds comment.)
By Adam Clark
Lloyds Banking Group PLC (LLOY.LN) plans to close 15 more
branches in England and Wales by the end of March 2019, the Accord
union has said.
The trade union said the closures will lead to up to 23 job
losses, but it doesn't expect there will be any compulsory
redundancies.
Accord is a specialist union for financial-services
employees.
"We have confirmed the locations of a small number of Lloyds
Bank branches, which will close between January and March 2019.
These branch closures are in response to changing customer behavior
and the reduced number of transactions being made in branches," a
Lloyds spokesperson said.
The spokesperson said all branches set to be closed have a post
office nearby where customers can carry out banking transactions,
and said the bank continues to have the largest U.K. branch
network. Last week, rival lender Royal Bank of Scotland Group PLC
(RBS.LN) announced it was closing 54 branches in England and Wales,
but said those should be its last closures until at least 2020.
Write to Adam Clark at adam.clark@dowjones.com;
@AdamDowJones
(END) Dow Jones Newswires
September 12, 2018 11:29 ET (15:29 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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