HSBC is to shut 27 branches this year putting almost 50 jobs at risk. The bank, which announced last week it would cut 35,000 jobs around the world, including “meaningful” reductions in the UK, said it would invest almost £34m in its remaining network of 594 branches, 49 of which are to be refurbished this year.
Staff in ten locations which employ 46 people between them could face losing their jobs while those in the remaining 17 will be relocated, HSBC said on Tuesday.
It pointed to falling use of its branches as the reason behind the closures. Only one in every 100 cash withdrawals are made in branch at an HSBC while nine in 10 customer interactions are over the phone, online or via an app.
“Retaining a sustainable branch network is extremely important to us and we need to ensure it is fit for the future, Stuart Haire, HSBC UK’s head of retail banking and wealth management, said.
1/50 25 February 2020
Players take part in the Atherstone Ball Game in Warwickshire. The game honours a match played between Leicestershire and Warwickshire in 1199, when teams used a bag of gold as a ball, and which was won by Warwickshire
PA
2/50 24 February 2020
A couple shelter from waves crashing over the promenade in Folkestone, Kent, as bad weather continues to cause problems across the country
PA
3/50 23 February 2020
Viking re-enactors during the Jorvik Viking Festival in York, recognised as the largest event of its kind in Europe
PA
4/50 22 February 2020
Former Greek Finance minister Yanis Varoufakis, fashion designer Vivienne Westwood and editor in chief of WikiLeaks Kristinn Hrafnsonn attend a protest against the extradition of Julian Assange outside the Australian High Commission in London
Reuters
5/50 21 February 2020
A worker recovers stranded vehicles from flood water on the A761 in Paisley, Scotland
Getty
6/50 20 February 2020
Police officers outside Regents Park mosque in central London after a man was reportedly been stabbed in the neck. Footage from the scene showed a young white man in a red hooded top being led from the mosque by police
Reuters
7/50 19 February 2020
Floodwaters surround Upton upon Seven following Storm Dennis
Getty Images
8/50 18 February 2020
Models on the catwalk during the Bobby Abley show at London Fashion Week
PA
9/50 17 February 2020
Rachel Cox inspecting flood damage in her kitchen in Nantgarw, south Wales, where residents are returning to their homes to survey and repair the damage in the aftermath of Storm Dennis
PA
10/50 16 February 2020
Teme Street in Tenbury Wells is seen under floodwater from the overflowing River Teme, after Storm Dennis caused flooding across large swathes of Britain
AFP via Getty
11/50 15 February 2020
Models present creations at the Richard Quinn catwalk show during London Fashion Week in London
Reuters
12/50 14 February 2020
Climate change protesters march through Whitehall, London
PA
13/50 13 February 2020
Resigned as Chancellor of the Exchequer. Mr Javid’s departure comes just one month before a crucial budget, intended to chart the course for the new government – and makes him the shortest-serving chancellor for more than 50 years
EPA
14/50 12 February 2020
Hill farmer Tommy Aitchison from North Shortcleugh farm feeds his sheep in Elvanfoot, Scotland. A yellow warning for snow and ice remains in place across most of Scotland, police have reported a number of crashes across the region with many routes affected by snow and ice
Getty
15/50 11 February 2020
Robyn Peoples, left, 26, and Sharni Edwards, 27, at the Loughshore Hotel, in Carrickfergus, after they became the first couple to have a same-sex marriage in Northern Ireland
PA
16/50 10 February 2020
Waves crash over a lorry on Blackpool waterfront as weather warnings for wind, snow and ice have been issued across large parts of the country. A day after the UK is trying to recover from the battering from Storm Ciara
PA
17/50 9 February 2020
Residents attempt to remove water from their property as the streets flood in Appleby-in-Westmorland, Cumbria, as Storm Ciara hits the UK
PA
18/50 8 February 2020
England’s Ellis Genge celebrates scoring the first try of their Six Nations match against Scotland with teammates. The weather at Murrayfield Stadium hampered the playing conditions, with winds and rain from Storm Ciara approaching the UK. The away side won the match late on, with the scoreline ending 6-13
Reuters
19/50 7 February 2020
Activists surround a wooden trojan horse in the courtyard of the British Museum in London. The horse, which is 4 metres tall and can seat 10 people inside, was pulled in by a group of supporters with flags reading “BP Must Fall”
BP or not BP/PA
20/50 6 February 2020
Members of the Cetacean Strandings Investigation Programme team examine a dead whale that died after becoming stranded in the Thames estuary at Medway over the weekend
PA
21/50 5 February 2020
Children from Oaklands Secondary School in Bethnal Green and Families Belong Together campaigners in Westminster before handing a petition in to the Home Office, as they call on the government to amend the UK’s refugee family reunion laws
PA
22/50 4 February 2020
Rasputin the polar bear, shakes off water as he is unveiled at the Yorkshire Wildlife Park, Doncaster
PA
23/50 3 February 2020
Police activity inside a cordon where a man was shot by armed police in a terrorist-related incident in Streatham, London
EPA
24/50 2 February 2020
Micheal Ward with his Rising Star Award alongside Daniel Kaluuya Baftas
Reuters
25/50 1 February 2020
Activists attend an anti-Conservative government, pro-Scottish independence, and anti-Brexit demonstration outside Holyrood, the seat of the Scottish Parliament in Edinburgh
AFP/Getty
26/50 31 January 2020
Pro EU supporters display a banner ‘ Here to Stay, Here to Fight, Migrants In, Tories Out’ from Westminster bridge in front of the Houses of Parliament in London. Britain officially exits the EU on 31 January, beginning an eleven month transition period
EPA
27/50 30 January 2020
Kiko the 2-year-old British Bulldog skateboarding with his owner, Ebel Perez, from Shiremoor, North Tyneside
PA
28/50 29 January 2020
British MEP’s and their assistants along with members of the political group Socialist and Democrats at a ceremony prior to the vote on the UK’s withdrawal from the EU at the European Parliament in Brussels
AP
29/50 28 January 2020
Torches are lit using a flare ahead of the Up Helly Aa Viking festival. Originating in the 1880s, the festival celebrates Shetland’s Norse heritage
PA
30/50 27 January 2020
England bowler Mark Wood is lifted aloft by Joe Root after taking the final wicket of South Africa to win the match and series during day four of the Fourth Test at Wanderers in Johannesburg
Getty
31/50 26 January 2020
Performers taking part in a parade involving costumes, lion dances and floats, during Chinese New Year celebrations in central London, which marks the Year of the Rat
PA
32/50 25 January 2020
A couple walks along the Basingstoke canal near to Dogmersfield in Hampshire
PA
33/50 24 January 2020
Boris Johnson gestures as he watches a performance during celebrations for Chinese Lunar New Year at Downing Street in London
Reuters
34/50 23 January 2020
Gabriella Zaghari-Ratcliffe stands next to her father Richard Ratcliffe, the husband of Nazanin Zaghari-Ratcliffe and his mother Barbara, as they address the media in Downing Street following a meeting with Prime Minister Boris Johnson
PA
35/50 22 January 2020
Rosa Connolly takes a close look during a preview of the Tyrannosaurs exhibition at the National Museum of Scotland, Edinburgh
PA
36/50 21 January 2020
The sun sets behind tower cranes and the London skyline in the city financial district
PA
37/50 20 January 2020
Prince Harry, Duke of Sussex, speaks with Prime Minister Boris Johnson as they attend the UK-Africa Investment Summit at the Intercontinental Hotel in London. Johnson is hosting African leaders and senior government representatives along with British and African businesses during the UK-Africa Investment Summit, aimed at strengthening the UKs economic partnership with African nations
Getty
38/50 19 January 2020
Joe Root celebrates with his England team mates after taking the wicket of Rassie van der Dussen during day four of the third Test against South Africa in Port Elizabeth. He took a career-best four wickets during the day’s play, which saw the home side follow on in their second innings. They trail England by 188 runs going into day five
Getty
39/50 18 January 2020
Drag queens pose on the pink carpet as they participate in the “Queen’s Walk” during RuPaul’s DragCon UK at Kensington Olympia
AFP via Getty
40/50 17 January 2020
Kitty Ross, curator of social history, is pictured reflected in a display cabinet while holding a skeleton violin from the 1880s that forms part of the Sounds of our City exhibition at the Abbey House Museum in Leeds
PA
41/50 16 January 2020
Britain’s Harry, Duke of Sussex (C), hosts the Rugby League World Cup 2021 draw in the gardens of Buckingham Palace in London, Britain, 16 Ja​nuary 2020. The Duke, who is expected to step back from senior Royal duties, spoke with Ruby League ambassadors and children from St Vincent de Paul Catholic Primary School in London
EPA
42/50 15 January 2020
Vehicles negotiate the flooded B4069 road at Christian Malford in Wiltshire after the river Avon burst its banks
PA
43/50 14 January 2020
Huge waves hit the sea wall in Porthcawl, Wales, as gales of up to 80mph from Storm Brendan caused disruption around the UK
PA
44/50 13 January 2020
Puppeteers from Vision Mechanic rehearsing with Scotland’s largest puppet, a ten-metre tall sea goddess called Storm, in the grounds of the Museum of Flight, East Lothian. Made entirely from recycled materials, it was unveiled ahead of its debut at the Celtic Connections Costal Day celebrations in Glasgow this weekend
PA
45/50 12 January 2020
A windsurfer jumps in the air after hitting a wave in the sea off of West Wittering beach in West Sussex
PA
46/50 11 January 2020
Mikuru Suzuki celebrates winning the women’s championship of the BDO World Professional Darts Championships 2020 in London
PA
47/50 10 January 2020
One of seven new lion cubs at the West Midlands Safari Park in Kidderminster
PA
48/50 9 January 2020
Rawson Robinson, from Nenthead, on the Cumbria and Northumberland border clears snow from the model village he has built in his garden
PA
49/50 8 January 2020
People read messages written on the David Bowie mural in Brixton, south London, on what would have been the singer’s 73rd birthday
PA
50/50 7 January 2020
England’s Stuart Broad celebrates with teammate Ben Stokes after the dismissal of South Africa’s Rassie van der Dussen during the fifth day of the second Test cricket match in Cape Town. Stokes claimed the last three wickets in the space of 14 deliveries to wrap up a 189-run win
AFP via Getty
1/50 25 February 2020
Players take part in the Atherstone Ball Game in Warwickshire. The game honours a match played between Leicestershire and Warwickshire in 1199, when teams used a bag of gold as a ball, and which was won by Warwickshire
PA
2/50 24 February 2020
A couple shelter from waves crashing over the promenade in Folkestone, Kent, as bad weather continues to cause problems across the country
PA
3/50 23 February 2020
Viking re-enactors during the Jorvik Viking Festival in York, recognised as the largest event of its kind in Europe
PA
4/50 22 February 2020
Former Greek Finance minister Yanis Varoufakis, fashion designer Vivienne Westwood and editor in chief of WikiLeaks Kristinn Hrafnsonn attend a protest against the extradition of Julian Assange outside the Australian High Commission in London
Reuters
5/50 21 February 2020
A worker recovers stranded vehicles from flood water on the A761 in Paisley, Scotland
Getty
6/50 20 February 2020
Police officers outside Regents Park mosque in central London after a man was reportedly been stabbed in the neck. Footage from the scene showed a young white man in a red hooded top being led from the mosque by police
Reuters
7/50 19 February 2020
Floodwaters surround Upton upon Seven following Storm Dennis
Getty Images
8/50 18 February 2020
Models on the catwalk during the Bobby Abley show at London Fashion Week
PA
9/50 17 February 2020
Rachel Cox inspecting flood damage in her kitchen in Nantgarw, south Wales, where residents are returning to their homes to survey and repair the damage in the aftermath of Storm Dennis
PA
10/50 16 February 2020
Teme Street in Tenbury Wells is seen under floodwater from the overflowing River Teme, after Storm Dennis caused flooding across large swathes of Britain
AFP via Getty
11/50 15 February 2020
Models present creations at the Richard Quinn catwalk show during London Fashion Week in London
Reuters
12/50 14 February 2020
Climate change protesters march through Whitehall, London
PA
13/50 13 February 2020
Resigned as Chancellor of the Exchequer. Mr Javid’s departure comes just one month before a crucial budget, intended to chart the course for the new government – and makes him the shortest-serving chancellor for more than 50 years
EPA
14/50 12 February 2020
Hill farmer Tommy Aitchison from North Shortcleugh farm feeds his sheep in Elvanfoot, Scotland. A yellow warning for snow and ice remains in place across most of Scotland, police have reported a number of crashes across the region with many routes affected by snow and ice
Getty
15/50 11 February 2020
Robyn Peoples, left, 26, and Sharni Edwards, 27, at the Loughshore Hotel, in Carrickfergus, after they became the first couple to have a same-sex marriage in Northern Ireland
PA
16/50 10 February 2020
Waves crash over a lorry on Blackpool waterfront as weather warnings for wind, snow and ice have been issued across large parts of the country. A day after the UK is trying to recover from the battering from Storm Ciara
PA
17/50 9 February 2020
Residents attempt to remove water from their property as the streets flood in Appleby-in-Westmorland, Cumbria, as Storm Ciara hits the UK
PA
18/50 8 February 2020
England’s Ellis Genge celebrates scoring the first try of their Six Nations match against Scotland with teammates. The weather at Murrayfield Stadium hampered the playing conditions, with winds and rain from Storm Ciara approaching the UK. The away side won the match late on, with the scoreline ending 6-13
Reuters
19/50 7 February 2020
Activists surround a wooden trojan horse in the courtyard of the British Museum in London. The horse, which is 4 metres tall and can seat 10 people inside, was pulled in by a group of supporters with flags reading “BP Must Fall”
BP or not BP/PA
20/50 6 February 2020
Members of the Cetacean Strandings Investigation Programme team examine a dead whale that died after becoming stranded in the Thames estuary at Medway over the weekend
PA
21/50 5 February 2020
Children from Oaklands Secondary School in Bethnal Green and Families Belong Together campaigners in Westminster before handing a petition in to the Home Office, as they call on the government to amend the UK’s refugee family reunion laws
PA
22/50 4 February 2020
Rasputin the polar bear, shakes off water as he is unveiled at the Yorkshire Wildlife Park, Doncaster
PA
23/50 3 February 2020
Police activity inside a cordon where a man was shot by armed police in a terrorist-related incident in Streatham, London
EPA
24/50 2 February 2020
Micheal Ward with his Rising Star Award alongside Daniel Kaluuya Baftas
Reuters
25/50 1 February 2020
Activists attend an anti-Conservative government, pro-Scottish independence, and anti-Brexit demonstration outside Holyrood, the seat of the Scottish Parliament in Edinburgh
AFP/Getty
26/50 31 January 2020
Pro EU supporters display a banner ‘ Here to Stay, Here to Fight, Migrants In, Tories Out’ from Westminster bridge in front of the Houses of Parliament in London. Britain officially exits the EU on 31 January, beginning an eleven month transition period
EPA
27/50 30 January 2020
Kiko the 2-year-old British Bulldog skateboarding with his owner, Ebel Perez, from Shiremoor, North Tyneside
PA
28/50 29 January 2020
British MEP’s and their assistants along with members of the political group Socialist and Democrats at a ceremony prior to the vote on the UK’s withdrawal from the EU at the European Parliament in Brussels
AP
29/50 28 January 2020
Torches are lit using a flare ahead of the Up Helly Aa Viking festival. Originating in the 1880s, the festival celebrates Shetland’s Norse heritage
PA
30/50 27 January 2020
England bowler Mark Wood is lifted aloft by Joe Root after taking the final wicket of South Africa to win the match and series during day four of the Fourth Test at Wanderers in Johannesburg
Getty
31/50 26 January 2020
Performers taking part in a parade involving costumes, lion dances and floats, during Chinese New Year celebrations in central London, which marks the Year of the Rat
PA
32/50 25 January 2020
A couple walks along the Basingstoke canal near to Dogmersfield in Hampshire
PA
33/50 24 January 2020
Boris Johnson gestures as he watches a performance during celebrations for Chinese Lunar New Year at Downing Street in London
Reuters
34/50 23 January 2020
Gabriella Zaghari-Ratcliffe stands next to her father Richard Ratcliffe, the husband of Nazanin Zaghari-Ratcliffe and his mother Barbara, as they address the media in Downing Street following a meeting with Prime Minister Boris Johnson
PA
35/50 22 January 2020
Rosa Connolly takes a close look during a preview of the Tyrannosaurs exhibition at the National Museum of Scotland, Edinburgh
PA
36/50 21 January 2020
The sun sets behind tower cranes and the London skyline in the city financial district
PA
37/50 20 January 2020
Prince Harry, Duke of Sussex, speaks with Prime Minister Boris Johnson as they attend the UK-Africa Investment Summit at the Intercontinental Hotel in London. Johnson is hosting African leaders and senior government representatives along with British and African businesses during the UK-Africa Investment Summit, aimed at strengthening the UKs economic partnership with African nations
Getty
38/50 19 January 2020
Joe Root celebrates with his England team mates after taking the wicket of Rassie van der Dussen during day four of the third Test against South Africa in Port Elizabeth. He took a career-best four wickets during the day’s play, which saw the home side follow on in their second innings. They trail England by 188 runs going into day five
Getty
39/50 18 January 2020
Drag queens pose on the pink carpet as they participate in the “Queen’s Walk” during RuPaul’s DragCon UK at Kensington Olympia
AFP via Getty
40/50 17 January 2020
Kitty Ross, curator of social history, is pictured reflected in a display cabinet while holding a skeleton violin from the 1880s that forms part of the Sounds of our City exhibition at the Abbey House Museum in Leeds
PA
41/50 16 January 2020
Britain’s Harry, Duke of Sussex (C), hosts the Rugby League World Cup 2021 draw in the gardens of Buckingham Palace in London, Britain, 16 Ja​nuary 2020. The Duke, who is expected to step back from senior Royal duties, spoke with Ruby League ambassadors and children from St Vincent de Paul Catholic Primary School in London
EPA
42/50 15 January 2020
Vehicles negotiate the flooded B4069 road at Christian Malford in Wiltshire after the river Avon burst its banks
PA
43/50 14 January 2020
Huge waves hit the sea wall in Porthcawl, Wales, as gales of up to 80mph from Storm Brendan caused disruption around the UK
PA
44/50 13 January 2020
Puppeteers from Vision Mechanic rehearsing with Scotland’s largest puppet, a ten-metre tall sea goddess called Storm, in the grounds of the Museum of Flight, East Lothian. Made entirely from recycled materials, it was unveiled ahead of its debut at the Celtic Connections Costal Day celebrations in Glasgow this weekend
PA
45/50 12 January 2020
A windsurfer jumps in the air after hitting a wave in the sea off of West Wittering beach in West Sussex
PA
46/50 11 January 2020
Mikuru Suzuki celebrates winning the women’s championship of the BDO World Professional Darts Championships 2020 in London
PA
47/50 10 January 2020
One of seven new lion cubs at the West Midlands Safari Park in Kidderminster
PA
48/50 9 January 2020
Rawson Robinson, from Nenthead, on the Cumbria and Northumberland border clears snow from the model village he has built in his garden
PA
49/50 8 January 2020
People read messages written on the David Bowie mural in Brixton, south London, on what would have been the singer’s 73rd birthday
PA
50/50 7 January 2020
England’s Stuart Broad celebrates with teammate Ben Stokes after the dismissal of South Africa’s Rassie van der Dussen during the fifth day of the second Test cricket match in Cape Town. Stokes claimed the last three wickets in the space of 14 deliveries to wrap up a 189-run win
AFP via Getty
“But the way our customers bank with us has changed significantly over the last five to 10 years, and that change is something we cannot ignore.”
Branches in Bristol, London, Swindon and Leigh-on-Sea will be the first to go, with closures planned for July.
HSBC customers will still be able to bank in Post Office branches across the country.
Mr Haire added: “Almost every industry is affected by similar behavioural change and needs to work hard to address that – newspapers used to be delivered by paper boys and girls, or a paper would be collected from a shop, and now most people consume their news online.
“Photographs that were once processed in a shop have now been replaced with digital cameras and online delivery.”
Last week, HSBC announced a major restructuring and £3.5bn cost-cutting plan as annual profits plunged by a third.
The bank said it would shrink its sales, trading and equity research in Europe and shift resources to the Asian markets, which account for around half of HSBC’s revenue and 90 per cent of profits.
The branch closures where jobs are at risk:
- London Park Royal – to close on July 3
- Peterlee – July 10
- Chard – July 10
- Royston – July 10
- Tiverton – July 31
- Ely – July 31
- Pembroke – July 31
- Saffron Walden – July 31
- Thetford – to close later in 2020
- Bourne – to close later in 2020
The branch closures where jobs will be moved to nearby sites:
- Bristol Bedminster – to close on July 3
-
Leigh-on-Sea – July 3
-
Chingford – July 3
-
Swindon Old Town – July 3
-
Kensington High Street – July 3
-
Blaby – July 10
-
Leigh Bradshawgate – July 10
-
Wallasey – July 10
-
Pudsey – July 10
-
Croydon Wellesley Road – July 31
-
London Greenwich – to close later in 2020
-
London Regent Street – to close later in 2020
-
Redhill – to close later in 2020
-
Sheffield Broomhill – to close later in 2020
-
Cheltenham Bath Road – to close later in 2020
-
Coventry Corporation Street – to close later in 2020
-
Heswell – to close later in 2020
The branches set to be refurbished in the first half of 2020:
- East Ham
- Croydon North End
- Ealing Broadway
- Stratford Upon Avon
- Hammersmith
- Carmarthen
- Lewisham
- Cheltenham Promenade
- Blackburn
- Wembley
- Bristol Kingswood
- Wigan
- Corby
- 122 Finchley Road
- Alton
- Cardiff Rhyd y Penau
- Castleford
- Hinckley
- Lowestoft
- Lymington
- Ormskirk
- Ramsgate
- Saxmundham
