FCA's New Rules: Banks Must Keep Branches Open
Update: 2025-12-17
Description
The Financial Conduct Authority introduces new rules for banks closing branches, emphasizing the importance of maintaining local cash access. Banks are reconsidering closures, with HSBC pledging to keep all branches open until 2027. New banking hubs and mutual societies like the Manchester Building Society are expanding services. Access to cash is now viewed as a combination of traditional branches, Post Office counters, banking hubs, and specialized solutions for small businesses, tailored to each communitys needs.
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