Lloyds Branch Closures Needed to Stay Lean -- Market Talk

Dow Jones

Jan 30, 2025

1623 GMT - Lloyds closing 136 branches across the U.K. will help the company stay lean amid cyclical headwinds, Hargreaves Lansdown's Susannah Streeter writes. Mortgages issued during the pandemic are due for renewal but at less profitable levels, and customers are shopping around for better long-term savings rates, she writes. It is expensive to keep branches open for a few customers, especially as wage costs are set to rise, she adds. The closure of branches is open review at the request of local communities, and provisions for vulnerable clients who find online banking harder to access money still need to be made, Streeter notes. Shares trade up 1.3% at 0.62 pounds. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

January 29, 2025 11:23 ET (16:23 GMT)

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Mortgages issued during the pandemic are due for renewal but at less profitable levels, and customers are shopping around for better long-term savings rates, she writes. It is expensive to keep branches open for a few customers, especially as wage costs are set to rise, she adds. The closure of branches is open review at the request of local communities, and provisions for vulnerable clients who find online banking harder to access money still need to be made, Streeter notes. Shares trade up 1.3% at 0.62 pounds. 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Mortgages issued during the pandemic are due for renewal but at less profitable levels, and customers are shopping around for better long-term savings rates, she writes. It is expensive to keep branches open for a few customers, especially as wage costs are set to rise, she adds. The closure of branches is open review at the request of local communities, and provisions for vulnerable clients who find online banking harder to access money still need to be made, Streeter notes. Shares trade up 1.3% at 0.62 pounds. (adam.whittaker@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 29, 2025 11:23 ET (16:23 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LYG","symbol_name":"劳埃德","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2507653420","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507653420","pubTimestamp":1738167780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1623 GMT - Lloyds closing 136 branches across the U.K. will help the company stay lean amid cyclical headwinds, Hargreaves Lansdown's Susannah Streeter writes. Mortgages issued during the pandemic are due for renewal but at less profitable levels, and customers are shopping around for better long-term savings rates, she writes. It is expensive to keep branches open for a few customers, especially as wage costs are set to rise, she adds. The closure of branches is open review at the request of local communities, and provisions for vulnerable clients who find online banking harder to access money still need to be made, Streeter notes. Shares trade up 1.3% at 0.62 pounds. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LYG":"劳埃德","BK4521":"英国银行股","BK4207":"综合性银行"},"translate_title":"劳埃德银行需要关闭分行以保持精益——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LYG":0.9},"content_text":"1623 GMT - Lloyds closing 136 branches across the U.K. will help the company stay lean amid cyclical headwinds, Hargreaves Lansdown's Susannah Streeter writes. Mortgages issued during the pandemic are due for renewal but at less profitable levels, and customers are shopping around for better long-term savings rates, she writes. It is expensive to keep branches open for a few customers, especially as wage costs are set to rise, she adds. The closure of branches is open review at the request of local communities, and provisions for vulnerable clients who find online banking harder to access money still need to be made, Streeter notes. Shares trade up 1.3% at 0.62 pounds. (adam.whittaker@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 29, 2025 11:23 ET (16:23 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}