Branch banking

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Glory increases investment in shared banking hub OneBanx

Glory (TYO: 6457), a global leader in cash technology solutions for the financial, retail, and quick service restaurant industries, today announced the acquisition of additional shares in OneBanx, a fully managed shared banking solutions provider.

/retail

Link recommends 100th UK location to receive a Banking Hub

LINK, the UK’s cash access and ATM network, has today confirmed that Richmond in North Yorkshire is to receive a Banking Hub following the announcement that the town’s final branch is set to close.

Barclays set to shut more branches

/retail

Barclays set to shut more branches

Barclays is the latest UK bank to set out plans to trim its branch network in 2024, earmarking another 18 sites for closure.

Labour sets out plans to avoid 'banking deserts'

/regulation

Labour sets out plans to avoid 'banking deserts'

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.

Lloyds to close more branches

/retail

Lloyds to close more branches

Lloyds Banking Group has earmarked another 45 branches for closure in 2024, citing the migration to digital channels.

Metro Bank to review store opening hours and cut 20% of staff

/retail

Metro Bank to review store opening hours and cut 20% of staff

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 to close 250 Postbank branches

/retail

Deutsche Bank to close 250 Postbank branches

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.

/retail

77 Bank digitises branch customer service with Fujitsu tech

Fujitsu today announced the development of a system that allows customers to easily complete transactions in a concise manner at all branches of the 77 Bank, Ltd. (1) (hereinafter, the 77 Bank) using an “in-store tablet” that utilizes Fujitsu's Customer Engagement Solution CHORDSHIP (hereinafter, CHORDSHIP) built on cloud. Its introduction was recently completed at all of the 77 Bank’s branches in Japan for used since September 2023.

Nationwide overtakes major banks for branch-based banking

/retail

Nationwide overtakes major banks for branch-based banking

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.

/retail

Westpac completes branch integration project

Westpac customers can now visit any Westpac, St George, BankSA or Bank of Melbourne branch across Australia for their cash transactions following the rollout of new technology which connects our branch network across the country.

Lloyds draws the blinds on more branches

/retail

Lloyds draws the blinds on more branches

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.

/retail

Over two million Bank of Ireland transactions carried out at Post Offices

Bank of Ireland customers have conducted 2.35 million banking transactions, with over €1 billion in cash transactions, in post offices nationwide since the launch of the Banks’s partnership with An Post two years ago.

Minister orders review after Bank of Ireland IT glitch

/security

Minister orders review after Bank of Ireland IT glitch

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.

Lloyds to close more branches

/retail

Lloyds to close more branches

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.

Bank of India opens startup-focused branches

/startups

Bank of India opens startup-focused branches

Bank of India has opened three branches dedicated to serving the country's startup companies.

Virgin Money to axe 30% of branch network

/retail

Virgin Money to axe 30% of branch network

Virgin Money is joining the banking exodus from the high street, closing over 30% of its bank branches with the loss of 260 jobs.

NatWest to shutter 143 branches in 2023

/retail

NatWest to shutter 143 branches in 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.

/retail

CBA to keep all regional Australian branches open until 2026

Commonwealth Bank is maintaining banking services and employment in regional Australia by keeping all CBA regional branches open until at least the end of 2026, a three year extension on its current commitment.

Nationwide pledges not to leave any towns until 2026

/retail

Nationwide pledges not to leave any towns until 2026

Nationwide Building Society has renewed its branch promise to not leave any town or city in which it is based until at least 2026.

/retail

Age UK calls on banks to accelerate roll out of shared banking hubs

While bank branches continue to close, creating a growing number of ‘banking deserts’ across the country, new Ipsos research[ii] for Age UK has found that four in 10 older people (39 per cent) with a bank account in Britain – equivalent to 4.09 million people[iii] – are not managing their money online and could be at high risk of financial exclusion.

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