Coronavirus reports consequences

Banks should reconsider plans to close branches during lockdown, says city regulator

Reading now: 868
dailyrecord.co.uk

The Financial Conduct Authority (FCA) has said that banks should reconsider their plans to close branches during the current coronavirus restrictions.

Some banks and building societies have said that they are either going ahead with branch closures already announced, or announcing new branch closures during current lockdown measures, reports the city regulator.

It said: "We are concerned that these activities could have significant consequences for customers. It may be harder than usual to reach all customers under the current restrictions and engage with them on closure proposals effectively (for example, small businesses that are temporarily closed).

Read more on dailyrecord.co.uk
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA