Barclays Could Close Branches Amid Mobile Banking Growth

Antony Jenkins, head of Barclays, has suggested that the bank could shutter some of its branches, Finextra reported on October 31.

Jenkins noted the rise in mobile banking and the need to trim costs as some of the motivations behind the idea.

“The implication of [the mobile banking] shift is that the traditional branch model and other points of contact will become less important to customers as part of the service mix over time,” Jenkins said, according to the media outlet.

To learn more about Barclays and how mobile is affecting its business model, read the full report here.

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