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Banks shut eight branches a week since 2016

City A.M. Thursday, 10 July 2025 ()
Banks shut eight branches a week since 2016British banks have accelerated their retreat from the high street, shutting an average of eight branches a week since 2016 in a dash to bulk up digital offerings. Nearly 3,700 sites closed between 2016 and 2024, creating 41 β€˜banking deserts,’ which refer to local authorities where at least one branch shut for every 10,000 residents. [...]
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