775 articles tagged with this keyword
News/retail
Banco Santander to is to shutter 111 branches in the UK and shift its headquarters to a new purpose-built campus in Milton Keynes.
25 March 2021
UK building society Nationwide is to allow all of its 13,000 office-based staff to choose where they work, including at local branches.
The Bank of Ireland is to shut a third of its branches as it reaches a digital "tipping point" between online and offline transactions.
01 March 2021
The UK's TSB is to press ahead with its branch closure programme as it turns in a £204.6 million lost for FY2020, with financial performance significantly affected by the Covid-19 pandemic.
01 February 2021
News/people
Commerzbank will cut 10,000 jobs and close 340 branches by 2024 as it focusses on digitisation in an effort to slash cost and ensure profitability.
29 January 2021
News/regulation
The Financial Conduct Authority is asking the UK's banks to reconsider branch closures during the Coronavirus lockdown.
28 January 2021
News/inclusion
HSBC will close 82 branches in the UK this year as the Covid-19 pandemic accelerates the trend away from in-person banking and towards digital channels.
19 January 2021
OneBanks, a UK startup that is working to put fully-staffed banking kiosks in places that high street lenders have left, is gearing up to open its first location in the Scottish town of Denny.
09 December 2020
Societe Generale is set to close 600 branches as it combines its French retail operations with its Credit du Nord subsidiary and looks to grow its digital unit, Boursorama.
07 December 2020
NatWest is introducing a ‘virtual queue’ option to encourage social distancing obligations for visitors across its branch network.
04 December 2020
Citing the Covid-19 pandemic, Nationwide Building Society has extended its pledge not to leave any town or city in the UK where it has a branch until at least 2023.
20 November 2020
Following a Covid-19-related pause, Lloyds Banking Group has resumed plans to close 56 branches across its network, affecting 160 jobs.
18 November 2020
Santander is planning to cut 4000 jobs and close up to 1000 branches in its home market of Spain, according to Reuters.
13 November 2020
News/payments
As Sibos 2020 continues, we look back to some of the predictions and forecasts made in 2010 and pick through what other lessons can be learnt from the post-financial crisis world to inform strategy in the not dissimilar economic environment of today.
06 October 2020
TSB is to shutter a third of its branch network and layoff 900 staff, citing a shift in customer behviour as users shun the high street in favour of remote banking services.
30 September 2020
Pop-up post offices, purchase-free in-store cash back and a financial hub inside a church are among the ideas being tested to help communities across the UK retain free access to cash.
23 September 2020
Deutsche Bank is set to close 100 of its 500 German branches as it seeks to cut costs by taking advantage of customer migration to digital channels, which has accelerated during the Covid-19 pandemic.
22 September 2020
News/devops
Standard Chartered has announced the official opening of its virtual bank in Hong Kong
Sweden's largest bank, Sevnska Handelsbanken, is downsizing its branch network and workforce while vowing to invest SEK1 billion in IT over the next two years.
16 September 2020
The UK's Financial Conduct Authority has warned banks that every time they plan to close a branch or ATM they will need to provide an analysis of the impact on customers' access to cash.
14 September 2020
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