FCA toughens stance on bank branch closures


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

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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.

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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

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