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Banks & Finance Articles

30/11/2021
TSB Bank Thurso To Close As Axe Hits 70 BranchesThumbnail for article : TSB Bank Thurso To Close As Axe Hits 70 Branches
The Thurso branch of the TSB will close on 22 April 2022.   TSB will continue to have 7th largest branch network with over 200 branches No closures where TSB is currently "last branch in town" 10 further ‘pop-up' branches to be opened 150 fewer roles but all impacted staff to be offered alternative roles at TSB TSB has announced it will close 70 branches in 2022 as it responds to declining branch use and increasing numbers of customers switching to digital banking services.  
19/11/2021
From Now To Net Zero: A Practical Guide For SMEs' ReportThumbnail for article : From Now To Net Zero: A Practical Guide For SMEs' Report
Climate change poses a risk to every aspect of our lives and reducing carbon emissions to achieve Net Zero is an essential step.  The journey to Net Zero is a long one and the transition of our economy to a sustainable footing will be the most momentous change in business and industry of our generation.  
19/11/2021
From Now To Net Zero: A Practical Guide For SMEs' ReportThumbnail for article : From Now To Net Zero: A Practical Guide For SMEs' Report
Climate change poses a risk to every aspect of our lives and reducing carbon emissions to achieve Net Zero is an essential step.  The journey to Net Zero is a long one and the transition of our economy to a sustainable footing will be the most momentous change in business and industry of our generation.  
30/9/2021
Virgin Money To Close Wick Bank
Virgin Money will close 31 of its 162 branches in the coming months as more customers shift to online banking.   The Wick branch was part of the Clydesdale network before being acquired by Virgin.  
29/9/2021
Banking Protocol: Preventing Fraud And Protecting Members In Credit Unions
The Banking Protocol is a rapid response scheme that will enable credit union staff to alert police when they suspect a customer is being scammed.   Police will attend the branch within the timeframe of an emergency response, enabling them to provide an effective customer intervention, secure evidence to enable them to investigate the potential scam and sometimes catch fraudsters in the act.  
20/6/2021
Credit Unions Are Growing In The UK But Still A Long Way To Catch Up With USA
The history of credit unions in USA has been one of growth over many years.   The public in many states seem to have moved in greater numbers and saved even more with their local credit union.  
23/5/2021
World Council Launches The Global Credit Union PodcastThumbnail for article : World Council Launches The Global Credit Union Podcast
World Council of Credit Unions is excited to launch a new monthly podcast that will provide the international credit union community with an in-depth look at some of the interesting and important stories it has to tell, particularly in the areas of international advocacy, international projects, education and networking, and digital transformation.   The Global Credit Union Podcast will also be telling stories about the work credit unions across the world are doing on behalf of their members.  
30/4/2021
New Partnership Supports International Credit Union Community
This new project aims to share research and resources with credit unions in the UK and Ireland.   Filene Research Institute announced an exclusive partnership with the Dublin, Ireland-based CMutual to expand research and resources available to credit unions in the United Kingdom and Ireland.  
30/4/2021
UK Credit Unions Has Reached Its Highest Reported Value At £3.98 BillionThumbnail for article : UK Credit Unions Has Reached Its Highest Reported Value At £3.98 Billion
The latest quarterly report by the Bank of England shows UK Credit Unions continue to increase in strength.   The report published on 30 April 2021 showed - Adult membership of credit unions increased in 2020 Q4 after decreasing in 2020 Q3.  
24/2/2021
Launch Of £15 Million Scottish Community Lenders Fund
A new £15 million fund has been announced to support affordable lending services.   It will support Credit Unions and Community Development Financial Institutions (CDFIs) which offer financial help to those who have poor credit and are often turned away from high street banks.