1,400 jobs go as Cheltenham and Gloucester axed

Lloyds is to close all branches of the Cheltenham & Gloucester bank and shed 1,400 jobs, industry sources revealed today.

Lloyds is to close all branches of the Cheltenham & Gloucester bank and shed 1,400 jobs, industry sources revealed today.

The former building society, taken over by Lloyds Bank in 1995, has a branch in the Buttermarket Street in Ipswich.

The move comes after the Lloyds took over the ailing HBOS, including the Halifax, earlier this year in a shotgun marriage partly brokered by the government.

It is expected that the business of the Cheltenham and Gloucester will be absorbed into the Halifax operation.


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