By Jaime Llinares Taboada
Lloyds Banking Group PLC mentioned Wednesday that it’ll shut 60 branches as on-line banking grows, affecting as much as 124 jobs.
The U.Ok. lender mentioned that it’ll shut 24 Lloyds Financial institution, 19 Financial institution of Scotland and 17 Halifax branches.
Fewer prospects are selecting to go to Lloyds’ branches and the corporate must adapt to an rising variety of prospects that do most on a regular basis banking on-line, Retail Director Vim Maru mentioned.
Unite, a U.Ok. union, mentioned that the announcement will end in 124 job losses. Lloyds mentioned that it goals to assist affected staff and transfer those that wish to stay to a brand new function.
As we speak, the group has 739 Lloyds Financial institution, 553 Halifax and 184 Financial institution of Scotland branches.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT