Branch banking

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/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.

PNC Bank ups spending on branch network

/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.

/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.

/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.

/inclusion

Chase to hire more community managers in underserved communities

JPMorganChase today announced plans to hire an additional 75 community managers by 2030 to provide greater access to banking, tools and advice, and help customers get on a path to financial health and resilience.

/inclusion

Moneyboxx opens South Indian branches

Moneyboxx Finance Limited (Moneyboxx), a BSE-listed Non-Banking Finance Company that focuses on impact financing by providing business loans to micro entrepreneurs in Tier-III & below places, announced the opening of 28 branches in September 2024, of which 18 branches were opened in the states of Andhra Pradesh, Karnataka, Tamil Nadu, and Telangana.

Bank of America to open 165 new branches

/retail

Bank of America to open 165 new branches

Bank of America is the latest US lender to double down on its branch network, pledging to open more than 165 "financial centres" by the end of 2026.

UK consumers turn away from branch banking

/retail

UK consumers turn away from branch banking

British consumers are less bothered about bank branch closures than those in the US and Europe, according to recently published research.

Deutsche Bank to close branches in favour of video advice

/retail

Deutsche Bank to close branches in favour of video advice

Deutsche Bank is to shutter a “mid-double-digit number” of branches while investing in telephone and video channels for providing personal advisory services to customers.

Despite evidence to the contrary, FCA insists new access to cash rule having 'positive impact'

/retail

Despite evidence to the contrary, FCA insists new access to cash rule having 'positive impact'

New rules from the FCA to protect access to cash have come into force and are already having a positive impact in local communities, says the watchdog, adopting a stance which has strained credulity in the wake of Lloyds Bank's latest branch closure programme.

Metro Bank cuts 300 jobs; inks Infosys deal

/ai

Metro Bank cuts 300 jobs; inks Infosys deal

UK lender Metro Bank is axing around 300 jobs and calling in Infosys for an IT overhaul as it bids to find £80 million a year in savings.

Lloyds Banking Group plans 292 branch closures in 2025

/retail

Lloyds Banking Group plans 292 branch closures in 2025

Lloyds Banking Group has confirmed that it will be closing 292 bank branches across the UK in 2025.

HSBC pledges to retain branch numbers

/retail

HSBC pledges to retain branch numbers

HSBC has pledged not to close any more branches until at least 2026 amid politcal and regulatory pressure to maintain access to cash on UK high streets.

Nationwide branches to offer dementia nurse clinics

/retail

Nationwide branches to offer dementia nurse clinics

Nationwide is use its national network of branches to offer specialist dementia clinics to help tackle the country’s leading cause of death.

Mexican fintech Aviva raises $5.5m

/inclusion

Mexican fintech Aviva raises $5.5m

Aviva, a Mexican "phygital" financial platform for the underbanked and micro businesses, has raised $5.5 million in seed funding.

/sustainable

RBC embarks on multi-million dollar programme to reduce carbon emmissions at bank branches

While you may not see it, your local RBC bank branch is working towards being powered differently in the coming years.

Major UK banks broke CMA rules

/regulation

Major UK banks broke CMA rules

HSBC, Lloyds, TSB, and AIB have been rebuked by the UK's competition watchdog for failing to meet rules on providing customers with clear and up-to-date information.

FCA finalises access to cash rules

/regulation

FCA finalises access to cash rules

Banks and building societies will need to weigh up if local communities lack access to cash services, like branches and ATMs, and plug significant gaps, under new rules from the Financial Conduct Authority (FCA).

Lloyds Bank to close further 60 branches

/retail

Lloyds Bank to close further 60 branches

Lloyds Banking Group has revealed 60 new branch closures for the remainder of the year and 2025.

/retail

CommBank invests over $60 million on bank branches in FY24

With Australia’s largest bank branch and ATM network, and a moratorium to keep regional branches open until at least the end of 2026, CommBank has increased its investment in upgrading its network.

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