Banking group TSB has said it is closing 36 branches and cutting 250 jobs across the business.
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00:00 Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
00:06 I bring you some breaking business news affecting the banking sector.
00:10 TSB has revealed it is closing 36 branches and cutting 250 jobs.
00:17 The job cuts will be in the Fraud Operations Department of the Bank, Central Operations and staff who work at the branches, which are earmarked for closure.
00:26 The latest round of branch closures will start in September and continue until May next year.
00:34 TSB said that the decision to close a branch is never taken lightly, but its customers are now doing most of their banking digitally.
00:43 So some bleak news there for the banking sector, with TSB announcing the closure of 36 branches and plans to cut 250 jobs across the business.
00:54 My name's Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.