Lloyds, financial conduct authority
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Lloyds Banking Group is set to shut down 218 bank branches across the UK in 2025, in a move affecting customers of Lloyds Bank, Halifax, and the Bank of Scotland. An additional 71 closures are scheduled for 2026,
Lloyds Banking Group has increased its provision for potential motor finance redress by £800m following the FCA's consultation on the scheme.
The move is set to affect customers of Lloyds Bank, Halifax, and Bank of Scotland. The closures, scheduled for 2026, comprise 26 Lloyds branches, 10 Halifax sites, and 13 Bank of Scotland locations.
Lloyds Bank has issued a £225 alert to millions across the UK, explaining that the dream of owning a home might be closer than many first-time buyers believe.
After the Lloyds bank branch in Totton was due to be closed in early 2026, it has now been revealed the closure date has been extended by months.
Lloyds Bank is paying £200 into accounts of certain customers this month. The banking giant has launched a new switching deal, open to new to both new and existing customers. They will pay £200 to people who open a Club Lloyds or Lloyds Premier account.
T here will be close to 100 Lloyds Bank closures before the year is out as the company is set to shut more branches across the UK. Several UK banks have shut branches across the country as more and more people turn to mobile and online banking.
Lloyds Banking Group posted forecast-beating profits on Thursday, cashing in on a coronavirus-driven boom in demand for mortgages as it set aside a smaller sum of cash to cover loans turning sour due to the pandemic.