Lloyds to shut 60 branches in on-line banking push

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Lloyds  People walk past a branch of Lloyds Bank on Oxford Street in London, Britain July 28, 2016.  REUTERS/Peter Nicholls

Commerce union Unite says 124 jobs are in danger at Lloyds, though the financial institution has not mentioned what number of staff might be impacted. Picture: Peter Nicholls/Reuters

Lloyds (LLOY.L) has introduced it’ll shut 60 branches, together with Lloyds, Financial institution of Scotland and Halifax websites, throughout the UK, on account of prospects switching to on-line banking.

The UK’s greatest home financial institution mentioned it might minimize branches throughout its numerous retail manufacturers, together with 24 Lloyds branches, 19 Financial institution of Scotland and 17 Halifax branches.

“Similar to many different excessive road companies, fewer prospects are selecting to go to our branches,” mentioned Vim Maru, group retail director at Lloyds.

Worker union Unite criticised the transfer, arguing it might “rip the center out of native communities” and claimed it might end in 124 job losses, though the financial institution has not mentioned what number of staff might be impacted.

Learn extra: HSBC to close 69 financial institution branches with 400 jobs affected

Lloyds confused it goals to supply a brand new position to all employees affected.

The UK’s largest excessive road financial institution reported pre-tax earnings of £6.9bn ($9.1bn), a rise from the £1.2bn achieved in 2020. Nonetheless, fraud compensation damage earnings, the financial institution mentioned.

Lloyds Financial institution branches affected and when

  • Aylesbury Gatehouse – 26/07/2022

  • Beaconsfield – 29/06/2022

  • Beaconsfield – 15/09/2022

  • Birmingham Temple Row – 01/08/2022

  • Bolton Westhoughton – 11/08/2022

  • Bradford Thornbury – 20/09/2022

  • Buckingham- 30/06/2022

  • Chandlers Ford – 10/08/2022

  • Chipping Campden – 30/06/2022

  • Colchester St Johns – 20/09/2022

  • Cottingham – 21/09/2022

  • Edgbaston – 06/07/2022

  • Knutsford – 07/07/2022

  • Liverpool Woolton – 14/07/2022

  • Lyndhurst – 13/07/2022

  • Marlow – 04/08/2022

  • Morriston Swansea – 21/07/2022

  • Oxford Summertown – 03/08/2022

  • Poulton-le-Fylde – 28/06/2022

  • Rushden – 26/07/2022

  • Shanklin – 28/07/2022

  • Shrewsbury Mount Nice – 11/08/2022

  • Smethwick – 21/07/2022

  • Swanwick – 25/07/2022

  • Tiptree – 25/07/2022

Halifax branches affected and when

  • Abingdon – 29/06/2022

  • Beaconsfield – 28/07/2022

  • Beccles – 05/07/2022

  • Belfast Shaftesbury – 28/06/2022

  • Bideford – 06/07/2022

  • Devizes – 27/07/2022

  • Doncaster Mkt Pl – 19/09/2022

  • Dunstable – 11/07/202

  • Finchley Central – 12/07/2022

  • Halifax Industrial St – 19/09/2022

  • Margate – 18/07/2022

  • Morriston – 18/07/2022

  • Penge – 10/08/2022

  • Totton – 19/07/2022

  • Wokingham – 20/07/2022

  • Worcester Park – 20/07/2022

  • Yeadon – 25/07/2022

Financial institution of Scotland branches affected and when

  • Aberdeen 201 Union St – 14/09/2022

  • Alness – 27/07/2022

  • Brechin – 02/08/2022

  • Broxburn – 09/08/2022

  • Carluke – 27/06/2022

  • Clarkston – 04/07/2022

  • Dunblane -07/07/2022

  • Dyce – 05/07/2022

  • Edinburgh Barnton – 13/07/2022

  • Edinburgh Shandwick – 13/07/2022

  • Forres – 11/07/2022

  • Glasgow Riddrie – 09/08/2022

  • Innerleithen – 04/08/2022

  • Kirkcudbright – 03/08/2022

  • Lockerbie – 08/08/2022

  • Selkirk – 08/08/2022

  • Shotts – 15/08/2022

  • Stromness – 17/08/2022

  • Troon – 21/09/2022

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