Wednesday, 27 June 2012

Lloyds branches being cut loose

There's speculation of an update soon on the sale of 630 Lloyds TSB branches. Lloyds has promised more news before the end of the month.

So it might be a good moment to check whether your bank branch is among those to be transferred to the Co-op, or whoever else takes the branches on.

Here's the list.

What can you do about it? As I understand it, if customers don't wish to be hived off but they have been earmarked to be cut loose, they'll be able to request to stay with Lloyds.

It's just that Lloyds isn't supposed to encourage them.

There will be time to react - the deal doesn't have to be finalised until November 2013.

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