Latest Branch banking News: Finextra Research

News/retail

Deutsche Bank to cut 2000 jobs through branch closures

Deutsche Bank will make "significant" cuts to its branch network this year, affecting around 2000 jobs.

21 March 2025

News/retail

Santander to shut almost a quarter of UK branch network

Santander is set to reduce its UK branch network by nearly a quarter, shutting 95 branches and putting 750 jobs at risk

19 March 2025

News/people

Lloyds to cut UK jobs, shift IT skills to India - FT

Lloyds is planning to cut hundreds of permanent IT employees working in the UK, whilst simultaneously hiring IT engineers in similar roles in India.

07 March 2025

Company update/people

Swedbank Robur appoints Maria Rengefors to board

As of March 6, 2025, Maria Rengefors has been appointed as a new board member of Swedbank Robur, expanding the board to a total of six members. She brings extensive experience from the financial and asset management industry, including her previous role as Head of Branch at Nordea Funds.

07 March 2025

Company update/retail

CaixaBank's sign language video interpretation service to be rolled out across all branches

By March, CaixaBank will have completed the deployment of its sign language video interpretation service for individuals with hearing impairments across its entire branch network.

04 March 2025

News/retail

Lloyds, TSB, Halifax, and Nationwide among UK banks down on payday

British banks TSB, Bank of Scotland, Nationwide Building Society, Halifax, Lloyds and First Direct have reported problems for customers making payments this morning.

28 February 2025

News/people

Bank of Ireland to cut jobs in efficiency drive

Bank of Ireland is set to reduce its headcount as part of a digitally-fuelled efficiency drive, according to its chief executive.

25 February 2025

Company update/retail

CBA to invest $100 million in regional branch network

CBA has extended its existing commitment to regional Australia, with all regional branches to remain open until at least 31 July 2027.

12 February 2025

News/retail

Lloyds and NatWest close more branches

Lloyds Banking Group and NatWest have announced the closure of nearly 200 branches between them as the industry's retreat from the high street continues.

29 January 2025

News/retail

Cash withdrawals on the rise - Nationwide

UK building society Nationwide is reporting an uptick in ATM cash withdrawals for the third year in a row as Brits turn to notes and coins to help with budgeting at a time the cost of living remains high.

22 January 2025

News/retail

Lloyds to close Liverpool contact centre and Dunfermline office

Lloyds Banking Group is closing its contact centre in Liverpool later this year, forcing around 500 employees at the site to commute to Chester. The bank is also set to cut several hundred jobs.

15 January 2025

Company update/retail

Bank of Baroda opens ‘phygital’ branch

Bank of Baroda, one of India’s leading public sector banks, inaugurated a ‘Phygital’ branch at South End Road, Bengaluru.

10 January 2025

News/retail

Lloyds branch shake-up raises fears of more closures

Customers of Halifax, Lloyds and Bank of Scotland will be allowed to use any of its branches under a shake-up that has sparked fears over more branch closures at the lender.

09 January 2025

News/inclusion

US agencies provide advice for combatting elder financial exploitation

The Board of Governors of the Federal Reserve System (FRB), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), and state financial regulators issued a joint statement this week.

04 December 2024

News/wholesale

Wells Fargo to sell San Francisco HQ to favour US East Coast - WSJ

Exclusively reported by The Wall Street Journal, the bank's San Francisco Financial District office may be for sale later this month.

04 December 2024

Company update/retail

Three-quarters of financial product sales in UK conducted online

Leading consultancy Kearney has today released the latest data from its annual European Retail Banking Radar, revealing that 74% of all product sales in the UK do not involve a branch or human interaction, confirming that consumers overwhelmingly prefer to interact with financial institutions remotely.

28 November 2024

Company update/retail

Cross party group of MPs opens inquiry into access to banking

A cross-party group of MPs has launched an inquiry into access to banking which will look at issues such as the problem of branch closures and access to banking services and financial products for SMEs.

12 November 2024

News/retail

PNC Bank ups spending on branch network

PNC Bank is to invest a further $500 million in its coast-to-coast branch banking network in the US, adding an additional 100 new locations and revovation of 200 existing sites.

11 November 2024

Company update/wealth

JPMorgan Chase rolls out new flagship branch format for affluent clients

JPMorganChase today unveiled its newest branch format, the J.P. Morgan Financial Center, specifically designed to serve the unique needs of affluent clients through a highly personalized level of service, backed by the global capabilities of JPMorganChase.

24 October 2024

Company update/retail

Core First Bank & Trust selects NCR Atleos for self service banking

NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced that $1.2 billion-asset CoreFirst Bank & Trust has selected Atleos’ Allpoint Network to provide wider, more convenient access to everyday banking transactions for its customers.

08 October 2024