TSB - the bank formerly owned by Lloyds - has confirmed that it is in the process of opening up to 30 new branches. It inherited its current network of 631 branches, after Lloyds was ordered to sell them, as a condition of its bail-out by the government. So far in 2014, 331 bank branches have closed in the UK, according to the Campaign for Community Banking Services (CCBS). That compares with 195 in the whole of 2013. The bank prides itself on its local approach. TSB is promising its customers they will be able to telephone their local branches directly. However, the bank has admitted that most loan decisions will not be made by a local bank manager, but at regional level instead. Mr Pester has previously said that 700 branches would be a sweet spot for the bank to be in.
Posted on: Tue, 09 Sep 2014 06:51:52 +0000
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