Brexit is a nail in the high-street bank’s coffin

Branch closures in the name of digitalization, on top of wider woes in the retail sector, could exacerbate the kind of community breakdown that led to Brexit.

Opening a letter from Santander recently, for a moment I get a sense of the kind of popular outrage directed against London and its financial industry – even though the latter benefits me more than most.

My local bank branch, it seems, is closing.

I am subject to one of about 140 UK branch closures, about a fifth of the network, that Santander announced in January.

I picture the kind of boarded-up shopfront that is becoming all too familiar in the British high street.

Brexit is a nail in the high-street bank’s coffin

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Brexit is a nail in the high-street bank’s coffin

Thanks for your interest in Euromoney!To unlock this article:

Central Bank of Egypt’s drive for financial inclusion bears fruit

Egypt’s banking industry wants to see private sector soar

CIB’s CEO Al-Arab on realism, reform and resilience

Future capital markets infrastructure: Fungible, fractionalised and fused

Thanks for your interest in Euromoney!
To unlock this article: