branches

Post offices bosses say 3,000 rural branches face ‘armageddon’ without extension of annual subsidy

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More than 3,000 rural post offices face ‘armageddon’ without a £50million bailout, campaigners warned yesterday. They are calling on Chancellor Rishi Sunak to extend the annual subsidy after April next year, when it is due to expire. The cash keeps afloat 3,100 branches that are too small to make a profit and are now being … Read more

Coronavirus UK: Caffe Nero is on brink of rescue deal but loss-making branches face closure 

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Lenders to Caffe Nero have brought in financial advisers ahead of a business restructure after being hit by the devastating effects of shutdown. Alcentra and Partners Group – which provide mezzanine debt to Caffe Nero, one of the country’s biggest coffee shop chains – have drafted in FTI Consulting to advise on the implications of … Read more

RUTH SUNDERLAND: Blow for TSB customers as more branches close

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Banks have so far managed to avoid making themselves major villains in the pandemic. Unlike some insurers, which have tried to wriggle their way out of paying valid claims to small firms, they have been working with the Government to support business and families. Covid-19 has presented our High Street lenders with an opportunity to … Read more

TSB will axe 900 jobs and close 164 high street bank branches

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TSB will axe 900 jobs and close 164 high street bank branches Edinburgh-based bank says it expects most of the redundancies to be voluntary  TSB said branch network would be the seventh biggest in the UK after closures Some 193,731 job losses now announced by major UK employers since lockdown TSB, part of Sabadell, says … Read more

Unions fear 400 High Street bank branches set to close

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Unions preparing for up to one in ten bank branches to close as they enter talks with the Big Four lenders By Helen Cahill, Financial Mail On Sunday Published: 21:48 BST, 29 August 2020 | Updated: 21:48 BST, 29 August 2020 Unions are preparing for up to one in ten bank branches to close as … Read more

Co-op Bank axing 18 branches and slashing 350 jobs

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Co-op Bank axing 18 branches and slashing 350 jobs, in another blow to Britain’s beleaguered High Streets By Lucy White For The Daily Mail Published: 23:47 BST, 25 August 2020 | Updated: 23:47 BST, 25 August 2020 Co-op Bank is axing 18 branches and slashing 350 jobs, in another blow to Britain’s beleaguered high streets.  … Read more

Co-operative Bank will axe 350 jobs as it closes 18 branches

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Co-operative Bank will axe 350 jobs in middle management and head office and will close 18 branches as Covid jobs bloodbath continues The bank said low interest rates during the pandemic hit income of all lenders  More customers also banking online and making fewer transactions in branches Britain is already facing a loss of 187,000 … Read more

Natwest customers slam bank’s poor branches and overdraft services

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Natwest customers slam bank’s poor branches and overdraft services as they rate it one of the worst for service By Lucy White For The Daily Mail Published: 21:50 BST, 17 August 2020 | Updated: 21:50 BST, 17 August 2020 Natwest’s customers have rated it as one of the worst banks, calling out its poor branches … Read more

Irate KFC and Pret customers claim they can’t get half-price meals at some branches

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Customers at KFC and Pret A Manger have complained staff don’t understand the Government’s Eat Out To Help Out Scheme. Some irate patrons said one manager claimed the Monday to Wednesday discount only applied in the afternoon while some staff enforced a £10 minimum spend or asked to see a voucher. It comes as thousands … Read more

Banks are still closing branches at an ‘alarming rate’

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Banks are still closing branches at an ‘alarming rate’ as figures show more than 1,500 have shut down since 2017 – despite new rules brought in to protect them NatWest alone has shut more than 650 bank branches in the past three years Banks are required to consider impact of closing branches on local residents … Read more