Some 1,400 jobs at Yorkshire and Clydesdale banks are to be cut, with the 29 of the banks' Financial Solutions Centres also set to close.
A note to investors from the banks’ owners, National Australia Bank, confirmed there would be a significant reduction the number of Financial Solution Centres. It said 29 out of 73 would close, and nine would be consolidated with retail branches. A strategic review of UK operations concluded it needed to simplify its business model to focus on retail operations and SME lending.
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes