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Wednesday,30 November 2022 at 17:07
said it will close about a quarter of its branches across the UK from next
It comes as the bank tries to satisfy investors claiming its western operations
are dragging down profitability from its Asian business.
The 157-year old lender said it will shut 114 branches, arguing that some are
serving fewer than 250 customers a week as people shift to online banking.
UK & European
markets closed higher to finish a strong month, as regional investors reacted
to the latest inflation data from the euro zone in November.
U.S. stocks edged
higher before giving up gains, continuing a sluggish start
to the week as investors digested new economic data and awaited comments from
Federal Reserve Chair Jerome Powell.
Oil prices rose by more
than $2 on signs of tighter supply, a weaker dollar and
optimism over a Chinese demand recovery.
Gold prices pared gains due
to an uptick in the U.S. bond yields.
At the close
FTSE 100 7,573 +0.81%
FTSE 250 19,163 (-0.12%)
DAX 14,397 +0.29%
Dow Jones 33,702 (-0.44%)
S&P 500 3,955 (-0.04%)
NASDAQ 11,026 +0.38%
UK 10-YR YIELD 3.161
Gold $1,751 +0.19%
Brent $86.60 +1.98%
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.