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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Lloyds to cut 1,600 jobs across branches in shift to online banking

A branch of Lloyds Bank in the City of London.
Alongside the job cuts, Lloyds plans to create 830 jobs in its relationship growth team. Photograph: Stefan Rousseau/PA

Lloyds Banking Group is planning to cut 1,600 staff from its branch network as it tries to reduce costs and push customers towards digital services as part of a corporate overhaul.

The UK company said it was adapting to a shift in behaviour, with more than 21 million of its 26 million customers choosing to use its services online.

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