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.
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