Branch banking

20 articles tagged with this keyword

/retail

Half of young Brits left frustrated after finding local branch has closed

Half of young Brits have been left frustrated after finding their local branch closed when they needed it, according to research from Nationwide.

/people

TSB to close 36 branches and cut 250 jobs

TSB is to close 36 bank branches and cut 250 jobs in a major operational overhaul at the UK bank.

/retail

Westpac extends moratorium on branch closures in the bush

Westpac is extending a moratorium on regional branch closures until at least 2027 and investing $100 million in it branch network.

/security

Bank of Ireland blames latest glitch on "technical issue"

Bank of Ireland (BoI) was hit by another outage on Friday when its mobile banking app went down for around four hours.

/retail

Nationwide branch advert banned as misleading

A Nationwide advert has been banned for incorrectly suggesting that the building society has not been closing branches.

/people

Santander hires former Marcus head Swati Bhatia to lead US digital charge

Santander's US arm has hired Swati Bhatia, the former head of Goldman Sachs' Marcus business, to lead its retail operations and lead a digital transformation programme.

/retail

Nationwide to acquire Virgin Money with extended Branch Promise

Nationwide Building Society has confirmed the offer of acquisition to Virgin Money UK, agreeing to the terms of a cash offer of £2.9 billion with Virgin Money’s Board.

/retail

Nationwide trials community fund for last-branch-in-town locations

Nationwide is trialling a new initiative that will see the bank donate £200 to a max total £10,000 comunity fund for every new account opened by local residents at locations where it is the last bank in town.

/retail

Barclays to close more branches

Barclays has earmarked another 22 branches for closure as it continues to trim its network in response to falling visits.

/retail

PNC to spend $1 billion on branch network

PNC Bank is to invest $1 billion in its coast-to-coast branch banking network in the US, overturning conventional wisdom about the value of brick and mortar assets.

/security

Older Americans demonstrate more digital financial literacy than younger peers

Digital financial literacy among Americans increases with age, according to research from Capital One.

/retail

Tesco Bank sells credit cards, loans and savings operations to Barclays

The £600 million deal has an "initial" agreement lasting 10 years.

/retail

Santander files complaint over Nationwide branch jibe advert - Sky

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.

/retail

JPMorgan Chase to open 500 new branches

JPMorgan Chase will open 500 new branches over the next three years as part of a multi-billion dollar investment in its network.

/inclusion

TSB to shutter branches and cut jobs in cost saving exercise

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.

/retail

Bank of Ireland invests €60m in ATMs and branches

Bank of Ireland is installing new ATMs in every one of its branches on the island as part of a €60 million investment.

/retail

Lloyds closes mobile bank branch service

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.

/retail

Lloyds cuts branch jobs as customers go digital

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.

/retail

Barclays opens new year with plans for more branch closures

Barclays has become the first high street bank to reveal more branch closures this year, with 20 new sites earmarked to shut.

/payments

Nationwide reports uptick in cash withdrawals

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.