HSBC to permanently close 69 branches leaving many customers vulnerable 3 months ago

HSBC to permanently close 69 branches leaving many customers vulnerable

'Our branches continue to support people with their more complex banking needs'

HSBC bank has announced that it will close 69 branches in response to the growth of online banking, which will affect around 400 staff members.

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As much of the world moves online, HSBC has said they will close a number of branches and replace them with other banking services like ATMs and pop-up banks.

"The way people bank is changing - something the pandemic has accelerated," Jackie Uhi, head of HSBC's UK branch network said in a recent statement.

"Our branches continue to support people with their more complex banking needs, but the way we can do this has also evolved, with the addition of banking hubs, community pop ups and continued use of the Post Office network.

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"Rather than a one-size fits all branch approach, it's an approach built around the way different customers are choosing to bank in different areas."

This is a breaking news story; more information is expected to follow...

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