European banks are cutting branches like never before as the pandemic pushes clients away from bricks-and-mortar.
Spanish lender Banco de Sabadell SA’s U.K. TSB unit said this week it will close more than a third of its branches, just a week after Deutsche Bank AG announced it will shutter a fifth of its network. Sweden’s Handelsbanken AB recently presented plan to slash the number of its branches by almost half.
