Which Lloyds banks are due to close?
Which Lloyds banks are due to close?
Lloyds Banking Group “betrays communities” with a further 48 bank branch closures, says Unite
| Date of Closure | Branch Name |
|---|---|
| 15/02/2022 | Maldon |
| 15/02/2022 | Melksham |
| 16/02/2022 | Birmingham Springfield |
| 17/02/2022 | Great Bridge |
Is Lloyds Bank being shorted?
There are currently no open short positions in Lloyds.
Why is Lloyds Bank Windsor closed?
The Lloyds Bank in Windsor Road, Penarth, will close in February next year, Lloyds Banking Group has announced. It is one of 48 Lloyds and Halifax branches across the county being closed, with the banking group blaming declining visits by customers.
Why are Barclays branches closing?
The bank told the BBC it had decided to close these particular branches as customers were ‘increasingly using alternatives to branches to do their banking’.
Why has Lloyds Banking Group been forced to cut jobs?
Lloyds Banking Group plans to cut a further 1,070 jobs despite reporting better-than-expected profits on the back of a UK mortgage boom less than a week ago. The bank, which announced the cuts to staff on Wednesday morning, said the job losses were part of restructuring plans meant to simplify the business.
Is Lloyds Banking Group plc on furlough?
The cuts add to the 865 Lloyds announced in September, having put the reduction in headcount on hold during the first wave of the Covid-19 pandemic. The bank, which has not taken any help from the government’s furlough scheme, said most staff affected by the latest round of cuts would not leave until January at the earliest.
Should Lloyds Banking Group plc put its restructuring plans on hold?
It is urging Lloyds to put its restructuring plans on hold in light of the pandemic. Unite said: “LBG has produced better-than-expected third-quarter results, posting in excess of £1bn of pre-tax profit – a direct result of the hard work and versatility of its workforce.
How will the Bank’s latest job cuts affect you?
The cuts will mostly affect the group transformation division – including staff working on IT and digital changes across the bank – as well as the retail business. Staff in its insurance and wealth offices will also be affected. No frontline staff or branches will be hit by the latest round of job losses.
