FX Markets

Lloyds Bank Closes Hong Kong Singapore Branch Offices


Lloyds Bank has closed down two branches in the Far East and has two more still up for sale, the bank announced this week. Unable to find buyers for its Hong Kong and Singapore operations, which included small treasury dealing rooms, the bank is winding them down. Meanwhile, its Korean and Taiwanese branches are still up for sale, says international banking director Frank Jones.

He explains that the move was part of Lloyds' overall international strategy, which calls for concentrating on areas

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