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LLOY Lloyds Banking Group Plc

52.10
0.90 (1.76%)
Last Updated: 11:03:24
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lloyds Banking Group Plc LSE:LLOY London Ordinary Share GB0008706128 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.90 1.76% 52.10 52.08 52.12 52.12 51.08 51.12 36,461,933 11:03:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 23.74B 5.46B 0.0859 6.05 33.02B

Lloyds Bank to Close Further 15 Branches by End of March 2019 -- Update

12/09/2018 4:44pm

Dow Jones News


Lloyds Banking (LSE:LLOY)
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(Adds Lloyds comment.)

 

By Adam Clark

 

Lloyds Banking Group PLC (LLOY.LN) plans to close 15 more branches in England and Wales by the end of March 2019, the Accord union has said.

The trade union said the closures will lead to up to 23 job losses, but it doesn't expect there will be any compulsory redundancies.

Accord is a specialist union for financial-services employees.

"We have confirmed the locations of a small number of Lloyds Bank branches, which will close between January and March 2019. These branch closures are in response to changing customer behavior and the reduced number of transactions being made in branches," a Lloyds spokesperson said.

The spokesperson said all branches set to be closed have a post office nearby where customers can carry out banking transactions, and said the bank continues to have the largest U.K. branch network. Last week, rival lender Royal Bank of Scotland Group PLC (RBS.LN) announced it was closing 54 branches in England and Wales, but said those should be its last closures until at least 2020.

 

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

 

(END) Dow Jones Newswires

September 12, 2018 11:29 ET (15:29 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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