Banking, Europe, Global Banking, News

More than 600 Branches Closed Over the Past Year in Britain

More than 600 Branches Closed Over the Past Year in Britain

More than 600 bank branches across Britain have closed over the past year. This report is based on data from the big six high street banks: Lloyds, Royal Bank of Scotland, HSBC, Santander, Barclays and the Co-operative.

“RBS has closed the most branches a total of 166, followed by HSBC with 146 over the past year.”

~ Telegraph

RBS has closed the most branches a total of 166, followed by HSBC with 146 over the past year. Banks say that advances in technology and changes to way people communicate have also led to branch closures. HSBC said 93pc of contact with the bank was via telephone, online banking or smartphones, while 97pc of cash withdrawals were made at an ATM.

Related Reports: Telegraph, BBC

 

About Lloyds

Since its foundation on 3 June 1765, Lloyds Bank has been serving the households, businesses and communities of Britain. And, in 2015 we’re celebrating 250 years of helping the people of Britain with the things that matter most to them.  We offer a comprehensive range of financial products and services – including current accounts, savings, mortgages, loans and credit cards.

Visit: Lloyds Bank

 

About Royal Bank of Scotland

 Today’s RBS and its brands are made up of hundreds of past banks. They were all different – large and small, city and country, traditional and innovative – and grew to serve the banking needs of unique communities all over the United Kingdom. Each one has left its mark on our identity today.  The Royal Bank of Scotland was founded in Edinburgh in 1727. It went on to become one of the biggest banks in Scotland.

Visit: Royal Bank of Scotland

 

About HSBC

HSBC is one of the world’s largest banking and financial services organisations. With around 6,000 offices in both established and emerging markets, we aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.  We serve more than 47 million customers through our four Global Businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. Our network covers 71 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.  Listed on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by about 213,000 shareholders in 132 countries and territories.

Visit: HSBC

 

About Barclays UK

Barclays UK is a personal and business banking franchise with true scale, built around our customers’ needs with innovation at its core. It comprises our UK retail banking operations, our UK consumer credit cards business, our UK-based wealth offering, and corporate banking for smaller businesses. With around 22 million retail customers, and almost one million business banking clients, we are a pre-eminent UK financial services provider. This division will become our UK ring-fenced bank by 2019

Visit: Barclays

 

About Santander Bank

We are Santander Bank, N.A.– one of the country’s top retail banks by deposits and a wholly owned subsidiary of one of the most respected banks in the world: Banco Santander. Our parent company, Santander Group, serves more than 100 million customers in the United Kingdom, Latin America, and Europe. Here in the Northeast, we are a team of 9,800 individuals all committed to a single mission: to help you make progress toward your goals. We aim to make your banking hassle-free by providing simple ways for you to spend, save and manage your money.

Visit: Santander

 

About The Co-operative Bank

The Co-operative Bank provides high street and internet banking, current accounts, mortgages, savings accounts, credit cards and loans.  We trace our roots back to our founding as the Loans and Deposit department of CWS in 1872 and we’ve worked hard ever since to provide our customers with a viable alternative to our larger competitors.  We pride ourselves on our customer service and customer satisfaction levels, and we’re always looking to put our customers at the heart of what we do.

Visit: The Co-operative Bank




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