Bank branch closures hit small firms, says FSB

Bank branch closures hit small firms, says FSB
 

Small businesses - many of which deal in cash and cheques - face "tough challenges" owing to the closure of bank branches, a lobby group has said.
The UK's bank branch network has halved to just over 8,000 in the past 25 years with more set to close, the Federation of Small Business (FSB) said.
It said that companies were being let down as they valued face-to-face interaction with staff.
A protocol among banks regarding branch closures is currently being reviewed.
Digital barriers FSB chairman Mike Cherry said that many small businesses needed over-the-counter banking facilities.... read more

 
17 October 2016 in Business, Views: 36
Source: BBC
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