Banking giant HSBC has announced it will close 114 branches across the UK from next April.
It will invest tens of millions of pounds in updating and improving the remaining branch network, which will total 327 following the newest wave of closures. HSBC has experienced a rapid decline in customers since the Covid pandemic, with some of the branches closing serving fewer than 250 people a week, according to the bank group.
Despite this, its mobile app usage had almost tripled since 2017, with the majority of its transactions being done digitally.
