All Insights|Future Nexus
fintechDecember 5, 2017

Lloyd’s Banking Group and RBS Closing Branches

Lloyd’s Banking Group and Royal Bank of Scotland announce the closure of more than 100 branches; this is part of a wider trend for both banks who will now have closed more than 1,000 in the last few years; reasons for the closings include more UK consumers using mobile banking and the branch closures help to save significant costs. Source.