High Street

Santander announces 111 branch closures

The move represents a further blow to the UK high street, as traditional footfall is impacted by a switch to online channels

Santander has announced plans to close 111 of its branches by the end of August 2021, impacting 5,000 jobs and representing another blow to the UK high street.

The bank claimed the streamlining of its portfolio is in response to the ongoing shift to mobile and online banking, as the pandemic has further accelerated the reduction in footfall.

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