HSBC has announced a further reduction of its UK branch network, which will see it shut 69 of its 510 branches between July and October of this year. It plans to close 12 branches in July, followed by 24 in August, 27 in September and 5 in October.
Banks are continuing to reduce the number of physical branches, as they accelerate their digital transformation plans in response to the rise of online and mobile banking.
