HSBC to Axe More Than 100 UK Branches in Move to Mobile Banking

Street signs outside an HSBC Holdings Plc bank branch in Chelmsford, U.K., on Thursday, Feb. 11, 2021. The U.K. economy grew at double the pace expected in the fourth quarter, showing signs of resilience to coronavirus restrictions at the end of a year that delivered the worst recession since 1709.Photographer: Chris Ratcliffe/Bloomberg

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By THE PRESS ASSOCIATION (Anna Wise, PA Business Reporter)

November 30, 2022 at 11:44 AM UTC

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Banking giant HSBC said it will close 114 bank branches across the UK from next April in the face of declining footfall.

The bank said it is investing tens of millions of pounds in updating and improving its remaining branch network, which will total 327 after the new wave of closures.