Halifax to disappear from UK high street as Lloyds axes bank brand after 173 years

Group confirms it will stop opening new accounts under the name and move existing ones to Lloyds

Lloyds Banking Group has announced it is axing the Halifax brand, meaning the 173-year-old former building society's name will disappear from UK high streets.

The group will stop opening new accounts under the Halifax brand, and kickstart a process of shifting existing accounts to Lloyds branding over the coming days.