The article reports on the alarming closure of bank branches in Hornchurch, Upminster, and Dagenham, revealing that nearly two-thirds of bank branches have closed since 2015. Research by Which? highlights a trend where many constituencies, especially in London, have seen significant reductions in banking services, impacting local communities. The Lloyds Banking Group's recent decision to close numerous branches, justified by a shift towards online banking, adds to concerns over access to financial services in these areas.
Research from Which? indicates a staggering 61.1% of bank branches in Hornchurch and Upminster have closed since 2015, leaving communities vulnerable.
The Lloyds Banking Group announced 136 closures, citing that most customers now prefer mobile and internet banking over personal visits to branches.
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