21 January 2018
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Latest branch banking news

Wells Fargo to close 900 branches
Risk & regulation

Wells Fargo to close 900 branches

12 January 2018  |  10416 views  |  1 comments | 14 tweets | 16 linkedin

As it books a $3.25 billion fourth quarter pre-tax charge related to the misselling scandal, Wells Fargo says it plans to make savings by closing around 900 branches by 2020.

RBS to slash a quarter of branch network and lay off 680 staff
Retail banking

RBS to slash a quarter of branch network and lay off 680 staff

01 December 2017  |  4063 views  |  0 comments | 2 tweets | 10 linkedin

Royal Bank of Scotland has joined Lloyds Banking Group in doing its bit to ruin Christmas for front-line facing staff, announcing plans to kill off 259 branches and lay off 680 staff.

Lloyds to shutter another 49 branches
Mobile & online

Lloyds to shutter another 49 branches

29 November 2017  |  3719 views  |  0 comments | 1 tweets | 4 linkedin

Lloyds Banking Group has formulated plans to close another 49 branches with the loss of 99 jobs.

Societe Generale to cut 900 staff, close 300 branches
Start ups

Societe Generale to cut 900 staff, close 300 branches

28 November 2017  |  6127 views  |  0 comments | 2 tweets | 6 linkedin

French bank SocGen is taking the axe to its business once again, announcing plans for a further 900 job reductions and the closure of 15% of its branch network.

DBS builds lifestyle branch for tech generation
Retail banking

DBS builds lifestyle branch for tech generation

20 November 2017  |  6070 views  |  0 comments | 13 tweets | 23 linkedin

Singapore's DBS is bidding to attract the tech generation back into the branch via a new instore 'lifestyle space', featuring freshly-brewed coffee, humanoid robots, video tellers and virtual reality retirement planning.

Japan's banks plan 33,000 job cuts in digital downsizing
Transaction banking

Japan's banks plan 33,000 job cuts in digital downsizing

31 October 2017  |  9234 views  |  0 comments | 14 tweets | 15 linkedin

Japan's megabanks are planning to make huge, long-term cuts to their workforces as they increasingly turn to artificial intelligence (AI) and automation in a bid to streamline operations and cut costs.

Mobile apps replace bank branches for UK millennials
Security

Mobile apps replace bank branches for UK millennials

30 October 2017  |  14324 views  |  0 comments | 25 tweets | 42 linkedin

More than half of millennial Brits now regularly use their mobile phones to keep on top of their financial affairs, according to a Visa survey.

Halloween howler: HSBC suffers online banking gremlins
Retail banking

Halloween howler: HSBC suffers online banking gremlins

27 October 2017  |  6755 views  |  0 comments | 3 tweets | 4 linkedin

High street bank HSBC was forced to apologise to UK customers after its online banking service went down for a chunk of Friday.

ING looks to turn a branch into a home
Mobile & online

ING looks to turn a branch into a home

26 October 2017  |  5863 views  |  1 comments | 8 tweets | 13 linkedin

ING has become the latest bank to try its hand at a branch makeover, opening a tech-packed "client house" in Belgium.

Lloyds opens flagship Manchester branch
Mobile & online

Lloyds opens flagship Manchester branch

29 September 2017  |  6796 views  |  1 comments | 7 tweets | 18 linkedin

As it closes and shrinks thousands of branches across the UK, Lloyds has opened its first 'flagship' site, a tech-packed showcase modelled on Apple Stores.

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