Four branches of the Lloyds bank-owned subsidiary Cheltenham and Gloucester in Oxfordshire are to close with the loss of dozens of jobs.

The banking giant is today expected to confirm branches across the UK will shut down, with the loss of up to 1,400 jobs.

County branches are in George Street, Oxford, and Pound Way, Cowley, High Street, Witney and High Street, Chipping Norton.

A Lloyds spokesman declined to comment on the “speculation” and said the number of people employed varied from branch to branch, although 10 in each county branch “would be a high number.”

Lloyds has cut almost 3,000 jobs since mid-April after its merger earlier this year with Halifax Bank of Scotland.

The bank is also expected to announce job cuts in other parts of its business later today.