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Lloyds, Halifax and Bank of Scotland to share branches - Business Fast

  • Lloyds Banking Group will allow customers to use branches of any of its three brands for in-person banking services later this year, enhancing customer access to services.
  • Lloyds currently operates 932 branches and plans to close 91 branches in 2025, following a reduction of 493 branches since June 2022.
  • The General Secretary of BTU, Mark Brown, warned that up to 233 branches may close, jeopardizing thousands of jobs, but Lloyds disputes this claim.
  • Various charities have expressed concerns that branch closures could negatively impact vulnerable and elderly customers who rely on in-person banking.
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