|HSBC Announces Five Further Bank Closures|
HSBC has announced that five further bank branches will close, in an apparent resumption of its closure program. HSBC said the closures were a result of customers using the branch network less than they used to. The bank has closed more than 200 branches in the UK over the last three years, but only four so far in 2013. It has also hinted that more closures could follow in the months ahead. HSBC closed about 70 branches in the UK last year and more than 50 in 2011.
The opinions expressed do not constitute investment advice and specialist advice should be sought about your specific circumstances.
Published on our website on August 22, 2013