Nearly 100 Santander UK branches to close - with 750 jobs at risk
- Santander plans to close nearly 100 branches in the UK, putting 750 jobs at risk due to frustrating UK regulations and economic factors.
- The bank set aside £295 million for potential costs from a car finance scandal following a court ruling that impacted the finance industry last year.
- Santander has seen a 63% increase in digital transactions and a 63% decrease in branch transactions since 2019, highlighting shifts in customer behavior.
- A spokesperson for Santander stated that branch closures aim to adapt to changing customer needs while balancing digital banking and face-to-face services.
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Bank branches closing add to high street decimation - have your say
Santander's plans to close a raft of branches will put around 750 jobs at risk, as the Spanish-owned bank confirmed that the first sites are set to close in June
·Gloucester, United Kingdom
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Total News Sources128
Leaning Left11Leaning Right5Center49Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 17%
C 75%
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