TSB closes 164 bank branches with loss of almost 1,000 jobs

Bank blames decline in high street customers as Covid crisis adds to existing pressure

TSB is cutting almost 1,000 high street banking jobs and closing 164 branches around the UK as it blamed the declining number of customers visiting their local bank.

TSB will make 969 people redundant and the closures – on top of another 21 previously announced – will leave TSB with 290 branches at the end of 2021, down from 475 currently.

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