Lloyds, Halifax, and Bank of Scotland announce February branch closures in the UK
Lloyds Bank, Halifax, and Bank of Scotland will close several branches in February, continuing a trend of bank closures in the UK. This follows a significant decline in the number of bank branches over the past decade. Since 2015, over 6,000 banks and building societies have shut down. Customers can still access services at remaining branches and community bankers, but cash services may be limited. The Financial Conduct Authority has implemented measures to ensure access to banking services remains available despite closures. However, concerns persist about the impact on customers who rely on in-person banking.