793 articles tagged with this keyword
News/retail
Santander has filed a complaint with the Advertising Standards Authority (ASA) over a recent Nationwide Building Society ad satirising bank bosses' attitudes to branch closures, according to Sky News.
09 February 2024
JPMorgan Chase will open 500 new branches over the next three years as part of a multi-billion dollar investment in its network.
07 February 2024
News/inclusion
In response to news reported by Sky, TSB have provided comment to Finextra after Sabadell CEO Cesar Gonzalez-Bueno was questioned about a £29 million provision set aside for restructuring within the UK bank.
02 February 2024
Bank of Ireland is installing new ATMs in every one of its branches on the island as part of a €60 million investment.
01 February 2024
With customers carrying out more banking through their phones, Lloyds is shutting down a different kind of mobile service, the vans that drive to towns across the UK offering an alternative to branches.
29 January 2024
Lloyds Banking Group is cutting around 1600 jobs in its branch network, although the bank is also creating more than 800 roles in an expanded "relationship growth" team as it retools for a digital-first future.
25 January 2024
Barclays has become the first high street bank to reveal more branch closures this year, with 20 new sites earmarked to shut.
17 January 2024
News/payments
New data from Nationwide shows that cash usage continues to rise as many households respond to the cost-of-living crisis by budgeting with physical money.
04 January 2024
Barclays is the latest UK bank to set out plans to trim its branch network in 2024, earmarking another 18 sites for closure.
05 December 2023
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
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
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