Home Business NewsBusinessBanking News Major high street bank set to close 69 banks affecting around 400 jobs

Major high street bank set to close 69 banks affecting around 400 jobs

by LLB Reporter
15th Mar 22 12:37 pm

HSBC have announced they are to close 69 banks in the UK which will affect around 400 jobs as the way people bank is changing.

Jackie Uhi, head of HSBC UK’s branch network, said, “The way people bank is changing – something the pandemic has accelerated.

“Our branches continue to support people with their more complex banking needs, but the way we can do this has also evolved, with the addition of banking hubs, community pop ups and continued use of the Post Office network.

“Rather than a one-size-fits-all branch approach, it’s an approach built around the way different customers are choosing to bank in different areas.

“We know that the majority of our customers have a preference to do much of their day-to-day banking online or via mobile, so we’re removing locations where we have another branch nearby, and where there is a significant reduction in customers using face-to-face branch servicing.

“This will enable us to invest in locations where our customers are continuing to utilise the branch network, including updating technology and refurbishing branches.”

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