A Quarter of Branches May Be Axed

Gloucestershire Echo, The › September 23, 2008

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Summary

Lloyds TSB's takeover of rival Halifax Bank of Scotland could result in nearly a quarter of the group's 3,000 high street branches being axed, it has been reported.

According to the Independent on Sunday, Lloyds, which does the bulk of its mortgage lending under its Cheltenham & Gloucester brand, has contacted property consultants to close as many as 700 premises when the pounds12 billion deal is completed.

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Extract

A Quarter of Branches May Be Axed

HBOS employs 75,000 people and has 1,100 branch...

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