Lloyds Banking Group to shut further 136 branches
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Lloyds Banking Group PLC plans to close 136 more branches, reducing its total to 756 from 932. This move is part of a broader strategy to streamline operations.
January 29, 2025 | 1:30 pm
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Lloyds Banking Group PLC is closing 136 additional branches, reducing its total to 756. This is part of a strategy to streamline operations and adapt to changing customer behaviors.
The closure of 136 branches by Lloyds Banking Group is a significant operational change, reflecting a shift towards digital banking and cost reduction. However, the impact on the stock price may be neutral in the short term as this is part of an ongoing strategy.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100