Santander to shut 140 branches

Santander to shut 140 branches

Spanish-owned bank Santander is slashing its branch network by almost a fifth, putting 1,270 jobs at risk.

It said branch transactions have fallen 23% in the last three years, while digital transactions have soared 99%.

The bank said its remaining network of 614 branches will be made up of larger branches offering improved community facilities and smaller branches using the latest technology to offer more convenience.

BBC News

https://www.bbc.com/news/business-46972632