Lloyds Bank of UK closes 48 more branches

Texas News Today

File photo: Automated teller machines at the Lloyds Bank branch in central London, UK, February 25, 2016. Reuters / Paul Hackett / FILE PHOTO

October 20, 2021

LONDON (Reuters) – Lloyds Banking Group will close an additional 48 branches in the UK and Wales, a UK lender said on Wednesday.

The shutdown is the latest in a series of such steps by banks announcing the closure of 44 different branches in June.

After suspending restructuring for several periods last year, banks began branch closures to focus on responding to the COVID-19 pandemic.

Sharon Graham, executive secretary of the Unite Labor Union, said:

Lloyds said it meets less frequently with customers using branches and is operating a scheme in which “community bankers” meet with customers in the area.

(Reporting by Lawrence White, edited by Lewis Havens)


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