Lloyds, Halifax and Bank of Scotland to share branches

Quick Summary:

The move is intended to make it easier for people to access banking services, but some warn it will lead to more branch closures.

It has not confirmed a date for when the changes will come into effect, but concerns have been raised by some that the move could pave the way for more branch closures in the future.

Lloyds has closed dozens of branches alone and cut hundreds of staff as part of a major overhaul of its business which began in February 2022.

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Article Details

Category: Business

Markets: United Kingdom

Topics: Branches Bank Been Lloyds Scotland Halifax Customers Banking Branch Group

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 19:25:13 (19 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 572 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 25011784

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 7 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

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