FCA toughens stance on bank branch closures

5000.jpg

FCA toughens stance on bank branch closures

The Financial Conduct Authority (FCA) has set additional expectations for banks that are considering branch or ATM closures.

Which UK banks are closing branches this year?


Several banks and building societies in the UK have shut down a number of branches
and ATMs across the country. The lenders believe that people are now transitioning to digital money and online banking, and as a result, fewer customers are physically visiting the branches or the ATMs. However, concerns have been raised over the closures, stressing that they could be
devastating for those who rely on physical branches for their banking needs. On Tuesday, the Financial Conduct Authority (FCA) criticised the lenders for failing to thoroughly examine the impact of closures on the customers.

#UK #Branches #ATMs #DigitalMoney #OnlineBanking #FCA #LondonStockExchange #KalkineMedia

To get more updates about Australia, NZ, UK, Canada and US stock market news, investors education & insights, subscribe our channel at https://bit.ly/3cHKioy

Check out our media Website �� https://kalkinemedia.com/au
Follow us and stay updated on the Go with the Market Charter ����
Facebook – https://www.facebook.com/kalkineau/
Twitter – https://twitter.com/kalkineau
LinkedIn – https://www.linkedin.com/company/4829818

Banks say branch closures are no longer a sign of a town in decline | The Business


The pandemic accelerates the shift to online banking as hundreds of branches close across Australia, leaving locals in country towns worried.

Subscribe: http://ab.co/1svxLVE

ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It’s news when you want it, from Australia’s most trusted news organisation.

For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on iview: https://ab.co/2OB7Mk1

Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews

#ABCNews #ABCNewsAustralia

PNC Bank Closing Dozens Of Branches


Several branches in the Pittsburgh aree will close in the coming months.

Banks closed 4,000 branches in 2021 as consumers turned to electronic banking


Banks closed 4,000 branches in 2021, frustrating many consumers. Here’s what to know as more people start turning to online banking: https://abc7ne.ws/3p8hU6g

#banking #money #consumer

You Might Also Like