Tag: bank branches


Virgin Money to shutter 39 bank branches across the UK

July 21, 2023

Via: FinTech Futures

As more and more customers take to online banking services, Virgin Money says it has seen “far less visits” to its brick and mortar branches, with most people only visiting to discuss significant life events. “The decision to close a […]


Lloyds Banking Group to close 66 more bank branches

July 29, 2022

Via: FinTech Futures

The closures are the latest in a long line of branch closures as high street banks grapple with changing customer behaviours and the shift to mobile and digital-first banking. Lloyds Banking Group says it has 19.1 million online banking customers […]

Activity, Retail Banking

As branches dwindle, larger bank offices are harder to offload

March 4, 2022

Via: Banking Dive

The COVID-19 pandemic exacerbated growth in digital banking, as physical branches were forced to temporarily shut their doors. But it is likely the pandemic accelerated an underlying trend, rather than kick-starting a new one, Ryan found. “Most millennials and younger […]


U.S. banks close 2,927 branches in 2021, a 38% jump

January 24, 2022

Via: Banking Dive

Banks are reducing their branch footprints as more customers choose to manage their accounts through mobile and other digital channels, instead of banking at traditional brick-and-mortar retail locations. The S&P Global report indicates the COVID-19 pandemic has accelerated the shift […]

Retail Banking

Left-leaning lawmakers like Bernie Sanders want Americans to bank at the post office — why that won’t help millions of people

June 5, 2019

Via: Market Watch

Progressive lawmakers including U.S. Sen. Bernie Sanders and U.S. Rep. Alexandria Ocasio-Cortez want Americans to be able to visit their local post office for their banking needs. Sanders, an independent from Vermont, and Ocasio-Cortez, a New York Democrat, see “postal […]

Retail Banking

JPMorgan Chase is doing something that no other big Wall Street bank is doing

August 12, 2016


JPMorgan Chase is doubling down on its in-person customer service, at a time when most Wall Street firms have been cutting branches and headcount. “We’ll continue to build branches,” JPMorgan Chase consumer bank CEO Barry Sommers said Thursday on CNBC. […]