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Lloyds Banking Group to close 49 branches

About 1,200 jobs are affected by the closures, but the bank says staff will be redeployed where possible.

Crapos legislation is largely aimed at giving small and regional banks a reprieve from regulations put in place after the 2008 financial crisis.

The royal commission follows a decade of scandals which have rocked the country's biggest industry.

Six out of nine of the UK's largest current account providers missed Saturday's deadline.

Fraud worries persist as the new Open Banking system promises to change the way we manage our money.

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