Barclays Puts Off Closure of Remote U.K. Branches During Review
08 Ottobre 2019 - 04:00PM
Dow Jones News
By Sabela Ojea
Barclays PLC (BARC.LN) on Tuesday said that it has postponed a
decision on closing 105 branches in remote areas of the U.K. until
October 2021 as it looks for ways to boost their profitability.
The London-listed bank said it will start testing twelve
branches--five in Yorkshire and Wales, with more to be
announced--to see if customer demand can be increased to make the
branches more viable in the longer term before making a final
decision.
The trial will include flexible opening hours and technology
services as video banking, the bank said.
Barclays declined to comment on how many jobs could be at risk
if any of those 105 branches were to close.
The bank also said its customers across the U.K. would no longer
be able to withdraw cash from post offices as of January 2020. It
said that "no one will be left in a position where they can't
withdraw cash," as it is investing in ATMs and launching a new
cashback plan that will allow customers to withdraw money at
businesses.
"We are considering whether we need to use our regulatory powers
to further ensure public commitments about the ongoing availability
of access to free-to-use ATMs for U.K. consumers are met," a
spokesperson for the U.K.'s Payment Systems Regulator said.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
October 08, 2019 09:45 ET (13:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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