Lloyds Bank photograph

Lloyds Bank

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Web site www.lloydsbank.com
Customer service0345 300 0000
Credit card support0345 606 2172
Ceo António Horta Osório
Parent organizations Lloyds Banking Group
SubsidiariesAgricultural Mortgage Corporation
Founders Sampson Lloyd
John Taylor
Movies/Shows 50 Cent: The New Breed
Kill the Record Labels
Rap Sheet: Hip-Hop and The Cops
Biebermania!
G-Unit: Bullets Can't Touch Us
SadaPOP! TV
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Date of Upd.
ID440592
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About Lloyds Bank


Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the "Big Four" clearing banks. The bank was founded in Birmingham in 1765.

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... Rhys Herbert, a senior economist at Lloyds Bank, added that " the sharper-than-expected drop in retail sales in July" was also a warning of " further possible weakness as we enter autumn"...

Benefits taken away to pay for utilities without consent

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... Duncan Shrubsole, from Lloyds Bank Foundation, which supports around 600 charities, said: " The policy is harmful...

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... The UK economy is on the precipice of a sharper slowdown, " said Trevor Williams, a member of IEA and former chief economist at Lloyds Bank...

Virgin Money to shut a third of its UK bank branches

Virgin Money to shut a third of its UK bank branches
Jul 20,2023 1:30 pm

... Branch visits dropLast year, Lloyds Banking Group said it would close 66 branches between October 2022 and January 2023...

Virgin Money to shut a third of its UK bank branches

Jul 18,2023 3:21 am

By Faarea MasudBusiness reporter

Virgin Money Will Close 39 of its UK banks as fewer people use bricks and mortar branches and move to online banking, The Firm Said .

The News comes after several High Street banks including Lloyds and Halifax have shut branches.

The Unite union Said " access to a bank and cash is a fundamental need" for local High Streets.

Virgin Money Said the closures amount to a third of its banks and 255 workers will be At Risk of redundancy.

Chief operating officer Sarah Wilkinson Said The Firm would " pursue all options" to retain as many staff as possible within alternative roles.

The Banks that Will Close are: Belfast, Croydon, Harrow, Newton Stewart , Bournemouth, Derby, Hexham, Norwich, Brighton, Durham, Irvine, Oxford, Bristol, Ellon, Kendal, Reading, Bromley, Enfield, Kensington, Southampton, Cambridge, Exeter, Kingston, St Albans , Cardiff, Fort William , Liverpool, Swindon, Chelmsford, Golders Green , Lochgilphead, Turriff, Cheltenham, Gosforth Centre, London Haymarket, Wolverhampton, Chester, Guildford and Milton Keynes .

Branch visits drop

Last year, Lloyds Banking Group Said it would close 66 branches between October 2022 and January 2023.

In, The Group Said Halifax would close 18 sites, while Lloyds would shut another 22 between April and June.

But closures in some instances. When Lloyds Bank in Herefordshire closed traders were forced to travel miles with their takings.

" The Number of customers using bank branches for day-to-day transactions has been on a downward trajectory for A Number of years, " Virgin Money Said . It added that the branches closing had seen a reduction of 43% in customer transaction volumes.

Some 96% of customers use the branches less than once a month, it added.

" Each store closing is less than half a mile from the nearest Post Office , which customers can use to carry out day‐to-day transactions, " Virgin Money Said .

Age Uk Said older or vulnerable people could struggle with online banking and called for more " banking hubs" which are spaces shared by several High Street lenders, meant to help communities that have seen all their bank branches close.

Virgin Money Said that after the closures it would have a network of 91 stores across the UK.

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Source of news: bbc.com

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