All posts tagged: TSB

TSB to shut 36 branches and cut hundreds of jobs as full list of closures announced | Business News

TSB to shut 36 branches and cut hundreds of jobs as full list of closures announced | Business News

High street bank TSB has announced 250 job losses and the closure of 36 branches. The job cuts will be in the fraud operations department of the bank, central operations and staff who work at the branches earmarked for closure. Trade union Unite said the decision was a “grave mistake” and customers would “undoubtedly suffer a downgrade in service from these job cuts”. Money latest: Tea brand spends £12m on ad but poll suggests Britons prefer rival The latest round of branch closures will start in September, and continue through to May next year. TSB will have 175 branches across the UK after the latest round of closures. Ten branches have already been closed over the last year. The branches to be closed in September are in:AlloaBedworthBirmingham, Pype HayesBridlingtonBuxtonCarmarthenCwmbranDovercourtEdinburgh, LeithFelixstoweFromeGlasgow, CardonaldGlasgow, CastlemilkHaddingtonHounslowLerwickLevenLondon, Bethnal GreenLondon, ClaphamLongtonManchester, MiddletonNewcastle upon TynePeterheadSheernessStornowayTorquayWhitehaven The branches due to be closed in May 2025 are in:AmbleAylshamBanffBedlingtonBudeCrookFlintTenbury WellsWhitchurch The closures come as the lender said most account holders do their banking online and there is a need to “better balance” staff in face-to-face …

TSB urges Facebook and Instagram owner to better protect users from fraud | Meta

Fraud on Facebook, Instagram and WhatsApp is projected to cost victims £250m this year, a leading UK bank has said, adding to pressure on the tech firms’ parent company, Meta, to tackle scams on its platforms. The chief executive of TSB, which produced the forecast, has written to the US tech company calling on it to take urgent action to address the soaring levels of fraud on social media. An increasing number of banks and campaigners are calling on Meta to make urgent changes amid concerns about the company’s efforts to police its platforms. TSB has set out five steps on Wednesday that it wants the company to take to protect consumers: Introducing a secure payment method on Facebook Marketplace. Stopping unregulated firms in the UK using Facebook and Instagram to advertise financial products and investments, including cryptocurrencies. Committing to investigating and removing fraudulent content within 24 hours. Filtering and blocking “obviously fraudulent” posts, for example those using terms such as “crypto offer”. Flagging to WhatsApp users when they are contacted by new numbers and …