Business Services Industry
Britain's Newcastle Building Society Rethinks Brick-and-Mortar Branches.
Knight Ridder/Tribune Business News, June, 2002
By Jeff Prestridge, Financial Mail on Sunday, London Knight Ridder/Tribune Business News
Jun. 16--A massive decline in the number of building society branches on Britain's High Streets is predicted by one of the industry's leading players.
Robert Hollinshead, chief executive of Newcastle building society, believes that dozens of branches could disappear in the next two years because of changes in the way people control their finances.
Hollinshead says many branches will become redundant as younger people increasingly use the phone or the internet for basic transactions.
He believes that unless the building societies take a radical look at how they run their businesses, the momentum for branch closures will become irresistible....
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
