Sentence examples for shut branches from inspiring English sources
Some of the others are likely to shut branches or seek out mergers as the weakening economy strains their finances.
An analysis of government data shows that even as banks shut branches in poorer areas, they continued to expand in wealthier ones.
An analysis of government data shows, however, that even as banks shut branches in poorer areas, they continued to expand in wealthier ones, despite decades of government regulations requiring financial institutions to meet the credit needs of poor and middle-class neighborhoods.
"Regrettably", he said, this would require 9,000 job cuts from the 85,000-strong workforce as the business was "digitised" and also involve revoking its three-year commitment not to shut branches where it was the "last bank in town".
The drop comes as some councils shut branches in an attempt to save money.
Other banks are also shutting branches; in October, Lloyds Banking Group revealed plans to close 200 as it "digitises" its business.
The bank is shutting branches and withdrawing services, and then making extra money if we need to ring up and do something about it," she said.
The study by the Federation of Small Businesses also claimed that the productivity of many small businesses was already being damaged by the accelerating pace of banks shutting branches.
Just a year ago, the bank, based in Charlotte, N.C., was slashing staff and shutting branches as its managers said they wanted to focus on improving profitability; now it is spending billions to buy Wachovia, which is based 70 miles away in Winston-Salem, N.C.
In 63 of the 171 locations in which Barclays is shutting branches, it is already the last bank on the local high street - a fact which has prompted criticism from the City that the bank has been too slow to cut its costs in an attempt to boost its returns to shareholders.
While other banks reap cost savings by shutting branches, the emphasis on technology has allowed RBS to find better ways to cut costs than simply cutting jobs.
