The article on this site says the future of the High Street branch is 'uncertain'. It isn't. When the banks say they are considered closures it means they have already made their mind up.
With NatWest going last year this means there are far fewer places for people to do face to face banking. Older generations in particular do not want to do online banking because they hear so many horror stories of what can happen when things go wrong.
The loss of ATMs also means it is much harder now to get ready cash in the centre of Wandsworth which has to be more bad news for local businesses there.
We gave billions of pounds to support the banks during the financial crisis. Isn't it time they returned the favour by considering the community impact of their decisions not just the bottom line?
Carmel Cunningham ● 490d2 Comments
Don't really see a big distinction between the banking 'system' and the banks themselves. We still gave them huge amounts of money and their directors pocketed huge bonuses. How can you defend that?
Carmel Cunningham ● 455d
Billions was given to support the banking system rather than banks like Santander which is foreign owned. This was a policy to ensure there wasn't a sharp fall in asset prices and well-run banks may well have preferred to see less intervention and some of their less prudent competition disappear. In this particular case Santander's deal with the Post Office means they continue to offer face to face banking for people who want it.
Barry Elms ● 489d