TSB Announces Closure of 36 Branches and 250 Job Cuts in Digital Transition

The UK bank is reducing its physical footprint, citing a significant shift towards online banking among its customers.

Branch closures and job reductions to span from September to May next year, affecting fraud operations and central operations.
Trade union Unite challenges the closures, labeling them a 'grave mistake' and calls for reconsideration.
Despite closures, TSB commits to maintaining a reduced national branch network, integrating more digital solutions.
New banking 'Pods' and pop-up services to be introduced to aid customers in transition to digital platforms.
TSB allocates £29 million towards cost-saving and efficiency initiatives amid these strategic changes.