UK Banks Shutter As Digital Banking Surges
PYMNTS
DECEMBER 16, 2016
Meanwhile, Co-operative Bank closed greater than half of its bank branches during the same timeframe that the HSBC branch closings occurred. Co-operative Bank is a lot smaller than HSBC. HSBC said in the report the bank closures are due to the fact that the lion’s share of its customers bank on smartphones or via the internet.
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