City Of London
HSBC to Close a Quarter of Its UK Bank Branch Network Next Year
- Bank says it will shut 114 sites starting from April 2023
- Some customers offered tablets to help access online services
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HSBC Holdings Plc has announced plans to shutter more than 100 of its UK branches next year as the bank pushes more of its customers to use its online services.
The London-headquartered lender said it would begin the closure of 114 sites from April, cutting its branch network by about a quarter, according to a statement Wednesday. The bank will have 327-strong branch network at the end of the process to serve its 14.9 million UK customers.