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South Korean banks implement emergency measures, including branch closures near Constitutional Court, as President Yoon's impeachment verdict approaches, anticipating large demonstrations and potential safety risks.
#YonhapInfomax #BankClosures #ImpeachmentVerdict #ConstitutionalCourt #EmergencyOperations #FinancialSector #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=56871

Barclays Bank at 154-155 Tottenham Court Road. One of the two branches that will be closing on the street this year. Photo: Fitzrovia News.

Barclays says that its two bank branches at Tottenham Court Road will both be permanently closing down this year.

A notice in the window of the bank at 154-155 Tottenham Court Road says the branch will be closing at 12pm on Friday 10 May 2024.

This closure will be followed by the other branch at 15-17 Tottenham Court Road which is due to permanently close at 12pm on Friday 1 November 2024.

Notices in the windows of both branches are directing customers to use the 15-17 Great Portland Street branch after that date.

Barclays says that when the branches opened “visiting us in person was one of the only ways to do your banking”.

In a statement giving reasons for the closures the bank says “we’re seeing many customers choosing to bank using our app, and online or telephone banking. This has had a big impact on the number of customers coming in to see us”.

According to the bank, 96 percent of its customers at both the branches also use online or telephone banking. It said less than 10 customers use the 154-155 Tottenham Court Road branch regularly as the only way to do their banking, and that less than 40 customers use the 15-17 Tottenham Court Road branch.

The consumer website Money Saving Expert reported last month that “Barclays will shut at least another 99 bank branches throughout 2024 and 2025 after announcing 22 more closures. This is in addition to the 177 branches it closed in 2023.”

After the closures Barclays will be the only one of the “big four banks” not to have a single branch on Tottenham Court Road.

https://fitzrovianews.com/2024/03/14/barclays-to-close-both-its-tottenham-court-road-bank-branches/

#bankClosures #banking #banks #BarclaysBank #TottenhamCourtRoad

Stop bank closures across the UK
https://organise.network/actions/petition-bank-closures-bKl9hR5kqXHDZ1O99zgYyya67b
#petition #bankclosures #banks

⚡️ Financial concern grows as banks close branches in areas controlled by ethnic armed groups in Myanmar. Khanboja Bank and other private banks, along with the state-owned Myanmar Economic Bank, have suspended branch operations in conflict zones. The military government warns of investigation and prosecution for large-scale withdrawals. #Myanmar #BankClosures #Conflict https://www.riskmap.com/incidents/1959393/articles/199000022/?utm_source=dlvr.it&utm_medium=mastodon