FCA calls on banks to rethink plans to shut at least 300 branches by the end of 2021 By Daily Mail City & Finance Reporter Published: 21:50 GMT, 28 January 2021 | Updated: 21:50 GMT, 28 January 2021 The FCA said it was concerned that closing bank branches at this time could have ‘significant consequences’ … Read more
Debenhams to close six branches, including its flagship London store, with 320 job losses By City & Finance Reporter for the Daily Mail Published: 22:29 GMT, 13 January 2021 | Updated: 22:29 GMT, 13 January 2021 Department store chain Debenhams has said it will permanently close six branches, including the flagship Oxford St shop Department … Read more
New cash fear as 167 bank branches set to be axed by end of lockdown, tentatively scheduled for late March By Jeff Prestridge, Financial Mail on Sunday Published: 21:52 GMT, 9 January 2021 | Updated: 21:52 GMT, 9 January 2021 More than 160 bank branches will shut for good between now and the end of … Read more
McDonald’s stops serving takeaway meals at ALL UK and Ireland branches due to Covid – but will offer drive-thru and deliveries By Mark Duell for MailOnline Published: 08:10 GMT, 6 January 2021 | Updated: 08:18 GMT, 6 January 2021 McDonald’s is closing all its 1,300 restaurants across Britain for walk-in takeaway after England was plunged … Read more
Swathes of bank branches set to close this year as lenders cut back their networks to boost flagging profits More than 200 UK branches were shuttered in 2020 as banks scaled back their presence despite the chaos which the pandemic inflicted TSB boss Debbie Crosbie plans to axe 164 branches 56 closures that Lloyds had … Read more
Sleigh-ing it! Crafters reveal their amazing homemade decorations from a £35 Grinch Christmas tree to a life-sized Nutcracker Crafters from around the UK have shared festive decorations on social media One person shared snap of a tree without branches, made of suspended baubles Another shared their amazing tree inspired by the Christmas movie The Grinch A … Read more
Leaked Lloyds Bank documents raise major questions on future of its branch network By Emma Dunkley, Financial Mail On Sunday Published: 21:50 GMT, 5 December 2020 | Updated: 21:50 GMT, 5 December 2020 Leaked Lloyds Bank documents have raised major questions on the future of its branch network. Lloyds is set to offer cashiers and … Read more
More than 3,000 rural post offices face ‘armageddon’ without a £50million bailout, campaigners warned yesterday. They are calling on Chancellor Rishi Sunak to extend the annual subsidy after April next year, when it is due to expire. The cash keeps afloat 3,100 branches that are too small to make a profit and are now being … Read more
Lenders to Caffe Nero have brought in financial advisers ahead of a business restructure after being hit by the devastating effects of shutdown. Alcentra and Partners Group – which provide mezzanine debt to Caffe Nero, one of the country’s biggest coffee shop chains – have drafted in FTI Consulting to advise on the implications of … Read more
Banks have so far managed to avoid making themselves major villains in the pandemic. Unlike some insurers, which have tried to wriggle their way out of paying valid claims to small firms, they have been working with the Government to support business and families. Covid-19 has presented our High Street lenders with an opportunity to … Read more