Banco Santander’s U.K. unit is gearing up to close 140 branches and let go of roughly 800 employees. According to a report in Bloomberg, the move is being prompted by the company’s realization that customers are engaging more in online and mobile banking, reducing the...
As the fallout from Royal Bank of Scotland‘s Global Restructuring Group scandal continues, the U.K.’s Federation of Small Businesses is now calling on the financial institution to take measures to support the small businesses it harmed. Reports in MondoVision on Friday (Feb. 23) said FSB...
There’s a flurry of activity going on in terms of acquisitions, expansions and downsizing. From providing better security tools to moving into Asian territory, companies are on the move. Here are the numbers: $100 million | Amount that ride-hailing app Grab plans to spend to buy Kudo...
Lloyds Bank of the U.K. announced it is gearing up to reduce the square footage of hundreds of its branches, and in some instances, it’s getting rid of the counter service sections. According to a report, the new so-called micro branches will be staffed with...
July 13, 2020
The nation’s banks hoping to use COVID-19 as an excuse to shutter branches or get permanent concessions from regulators better think again, the Financial Times reported. Brian Brooks, Acting Comptroller of the Currency, an independent agency within the U.S. Department of Treasury, told the newspaper he was not prepared to revisit the fundamentals of bank […]
January 23, 2019
Banco Santander’s U.K. unit is gearing up to close 140 branches and let go of roughly 800 employees. According to a report in Bloomberg, the move is being prompted by...
April 04, 2017
There’s a flurry of activity going on in terms of acquisitions, expansions and downsizing. From providing better security tools to moving into Asian territory, companies are on the move. Here...
April 04, 2017
Lloyds Bank of the U.K. announced it is gearing up to reduce the square footage of hundreds of its branches, and in some instances, it’s getting rid of the counter...
