Lloyds vows to fight against more branch closures

Speaking at the Lloyds' AGM yesterday, chairman Sir Win Bischoff said the part-nationalised bank will not consider selling any more branches in addition to the 600 already agreed under the terms of a deal with the EC and previous Labour government, reports the Telegraph. He said the previously agreed deal was a legal agreement and declined to rule out legal action should the government try and persuade it to sell more branches. The government-appointed Independent Commission on Banking is due to release its final report in September with fears remaining it could recommend Lloyds sell ...