Another 120 branches were announced in April 2022 and almost 5,000 have gone over the last seven years. This is a rate of 54 branches a month, according to the consumer group Which?.
In March 2022, Lloyds Banking said another 60 would go. It followed HSBC’s warning that it would shutter 69 branches between July and October 2022. In 2021 it axed 82.
NatWest Group has closed 1,114 branches since 2015, including its Royal Bank of Scotland and Ulster Bank arms. Barclays has reduced its network by some 841.
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