Banking sector consolidations
- Thread starter JonathanM
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Its a commodity service with many fixed high cost overheads.
If 2 become 1, costs go down = profits up.
It is becoming increasingly harder to stay within the FSCS compensation limits
If 2 become 1, costs go down = profits up.
It is becoming increasingly harder to stay within the FSCS compensation limits
Size = bigger = saving through losing duplications of staff, sites , etc
Plus the world is changing. We have far more choice these days so companies have to adapt to survive
Plus the world is changing. We have far more choice these days so companies have to adapt to survive
Nationwide have already promised they wont be shutting any branches until 2028 then they will review .
speaking to local staff they are picking up lots of customers from the banks that have closed local branches as a lot of people still want a point of contact for face to face locally
speaking to local staff they are picking up lots of customers from the banks that have closed local branches as a lot of people still want a point of contact for face to face locally
We got £200 from Nationwide last year just for having accounts with them!
i had over 6 figures with them and never got a penny as it was all in savings accounts not made that mistake this year opened a current account as well
IIRC the current account had to be opened some years before to qualify
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Not years read the terms just months and depending on which account . Some had to have a certain usage in the jan/feb/marchIIRC the current account had to be opened some years before to qualify
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