Britain’s Lloyds Bank to Close Another 48 Branches

A cash machine at a Lloyds Bank branch in central London, Britain, on Feb. 25, 2016. Paul Hackett/Reuters

LONDON—Lloyds Banking Group will close a further 48 branches across England and Wales, the British lender said on Wednesday, as it seeks to further cut costs by trimming its physical network.

The closures are the latest in a string of such moves by the bank, which in June announced the closure of 44 different branches.