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UK banks should reconsider branch closures during Covid lockdown, FCA says

( January 28, 2021, 11:27 GMT | Official Statement) -- MLex Summary: UK banks have been asked by the Financial Conduct Authority to reconsider closing down branches during the coronavirus lockdown. The FCA told banks they should consider pausing or delaying new branch closures, particularly if this could have a “significant impact on vulnerable customers.” The regulator’s statement comes after guidance from September 2020 which called on banks to consider the impact of branch closures on customers.Statement follows....

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