By Jaime Llinares Taboada
Lloyds Banking Group PLC stated Wednesday that it’ll shut 60 branches as on-line banking grows, affecting as much as 124 jobs.
The U.Okay. lender stated 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 stated.
Unite, a U.Okay. union, stated that the announcement will lead to 124 job losses. Lloyds stated that it goals to assist affected workers and transfer those that need to stay to a brand new position.
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