Business
Westpac to shut 48 branches nationally as part of consolidation strategy – NEWS.com.au
Westpac to shut 48 branches nationally as part of consolidation strategy
Westpac Banking Group is considering shutting almost 50 of its branches as part of a consolidation strategy spurred on by people bypassing physical sites and opting to bank online. The nation’s largest bank is proposing closing 40 mostly metro branches across its brands Westpac, St George, Bank of Melbourne and BankSA.
A further eight regional branches are up for “co-location”, where the retail space is shared by two Westpac brands. For example, a Bank of Melbourne and Westpac branch would share…
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