Lord Street bank safe from cuts as HSBC bosses lament profit drop

Bosses at HSBC bank have confirmed that the iconic Southport branch of its chain will remain open.

It comes as banking bosses say they will close hundreds of branches of HSBC banks, including nearby Ormskirk, in 2023.

The Southport branch inside the grade listed 331 Lord Street address will stay open for customers.

The closures have been blamed on more people choosing to bank online.

HSBC says it will close 114 more branches in the UK from April, as customers using them have fallen significantly since the pandemic.
The bank said it would try to redeploy affected staff but that about 100 would lose their jobs.
Banks have closed hundreds of branches in recent years as more people bank online and lenders cut costs.
HSBC said it will invest tens of millions “updating and improving” its remaining 327 UK branches.
Jackie Uhi, its managing director of UK distribution, said: “People are changing the way they bank and footfall in many branches is at an all-time low, with no signs of it returning.

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