784 articles tagged with this keyword
News/regulation
With banks across the UK shutting down branches, the Labour Party says it will give new powers to regulators to guarantee people have access to cash and oversee the creation of hundreds of high street banking hubs if it wins the next general election.
01 December 2023
News/retail
Lloyds Banking Group has earmarked another 45 branches for closure in 2024, citing the migration to digital channels.
30 November 2023
Struggling UK lender Metro Bank is planning to reduce store opening hours and cut 20% of its staff in a bid to slash costs by £50 million per year.
Deutsche Bank will close about 250 of 550 Postbank branches over the next three years as it works to turn the unit into a "mobile-first" provider.
31 October 2023
As other banks take the axe to their branch network, Nationwide Building Society's longstanding commitment to the high street means it now has the largest number of branches in the UK.
09 October 2023
Lloyds Banking Group has revealed 35 new branch closures, drawing a line under the provision of face-to-face services in 155 sites in total by the end of 2023 and 75 in 2024.
26 September 2023
News/security
Ireland's minister for finance has called for an investigation into the robustness of banking technology infrastructure after a technical glitch with Bank of Ireland's (BoI) mobile banking app enabled customers to seemingly withdraw free money.
17 August 2023
Lloyds Banking Group has revealed 44 new branch closures, drawing a line under the provision of face-to-face services in 155 branches in total by the end of 2023 and 40 in 2024.
25 July 2023
News/startups
Bank of India has opened three branches dedicated to serving the country's startup companies.
Virgin Money is joining the banking exodus from the high street, closing over 30% of its bank branches with the loss of 260 jobs.
21 July 2023
NatWest Group is to bring the shutters down on a further 36 branches, bringing the running toal for the year to 143, with a further two sites already earmarked for closure in 2024.
11 July 2023
Nationwide Building Society has renewed its branch promise to not leave any town or city in which it is based until at least 2026.
21 June 2023
Lloyds Banking Group and NatWest are, between them, closing another 80 branches across the UK this year.
31 March 2023
Barclays Bank continues its stealthy approach to slimming down its branch network, announcing the closure of 14 more outlets in addition to the 55 branches already earmarked for closure this year.
27 March 2023
TSB has partnered with ATM provider Note Machine to open banking pods to replace local branch services that are due to close in Spring and also to venture into new areas where the bank has yet to establish a presence.
06 February 2023
Barclays is adapting its physical footprint in response to declining customer branch usage, opening semi-permanant banking pods in locations with high footfall, including shopping centres and retail parks.
31 January 2023
Nine new shared banking hubs are to be opened across the UK as the country's high street lenders push ahead with further branch closure programmes.
30 January 2023
NaWest is to shutter a further 23 branches, adding to a wave of closures announced by the UK big banks in the first month of the year.
26 January 2023
Denmark's transition away from cash has seen the country record its first ever year in which it experienced zero bank robberies.
04 January 2023
Shared bank branch operator OneBanx has closed on a £1.27 million raise on Crowdcube.
15 December 2022
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