Lloyds Bank to cut 3,000 jobs and close 200 branches amid Brexit fallout

Lloyds Banking Group is cutting 3,000 jobs and shutting 200 branches as the lender braces itself for a cut in interest rates following Britain's decision to quit the European Union.

The part state-backed bank said a cost-cutting programme announced in 2014 will be extended and the "expected lower for longer interest rate environment" will see the new cuts come into effect by the end of 2017.