UK Lender TSB to Cut 250 Roles, Shut 36 Branches on Online Shift
TSB is the UK arm of Spanish lender Banco Sabadell, which this week rejected a takeover proposal from rival BBVA.
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TSB is closing 36 bank branches and expects to cut 250 roles as the lender continues to shift services online.
The closures will begin in September and continue through May, according to its website. The bank also expects a net reduction in roles as it streamlines its operations.