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Confirmed: Lloyds Bank to close 150 branches

Posted by: In: Real Estate 29 Oct 2014 Comments: 0 Tags: , , , , , , , , , , ,

Lloyds Bank has confirmed that it will close 150 branches in the next three years, causing the loss of 9,000 jobs.

The job losses represent approximately 10 per cent of its workforce and follow more cuts made in recent years, as the bank faces fines for the PPI mis-selling scandal and other administration costs.

The bank says it will concentrate on closing city branches first.

Source: BBC

UK, Mortgage Desk

Source: The Movechannel


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