Lloyds, Halifax and Bank of Scotland branches due to close
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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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.