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Lloyds, Halifax and Bank of Scotland branches due to close
Yorkshire Post
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30/11/2023
Deputy business editor of The Yorkshire Post with the latest business headlines, including the news that Lloyds, Halifax and Bank of Scotland branches are due to close
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News
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00:00
Hello, my name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post, and
00:05
here are your business headlines for this morning. Lloyd's Banking Group is shutting
00:10
another 45 branches across its network and the Halifax and Bank of Scotland brands amid
00:16
the ongoing shift away from high street banking. The group is closing 22 Halifax branches,
00:22
19 Lloyd's branches and four in the Bank of Scotland business. It comes a week after NatWest
00:27
Group said it plans to shut another 19 branches, mostly in the early part of next year. The
00:34
latest closures take the total number of high street branches shut across the sector to
00:38
623 so far this year. Lloyd's is said to close the bulk of the branches in March and April
00:45
next year, with some also closing in August and a tranche in November. It means that at
00:50
least 276 branches will be shut across Lloyd's, Halifax and Bank of Scotland this year and
00:57
next. There's been a massive exodus of branches from the high street in recent years and many
01:02
people will be concerned about the continuing closure of branches and the impact on customer
01:07
service among customers who still value face-to-face service. So an announcement this morning that
01:14
Lloyd's Banking Group is shutting another 45 branches across its network and the Halifax
01:19
and Bank of Scotland brands amid the ongoing shift away from high street banking. My name
01:25
is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
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