HSBC ditches 114 branches as Brits flock to mobile banking

By Jack Barnett Britain’s biggest lender HSBC is closing 114 high street branches from next April driven by consumers shunning in person services for online banking, it announced today. The number of Brits visiting their local HSBC store has plummeted since the pandemic, which engineered a surge in mobile banking apps to manage finances. The move adds to the 69 branches HSBC said it was ditching in March. Online banking apps have become the main tool households use to budget over the past decade. Smart phones have enabled Brits to manage their finances without needing to go to a physical branc…

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