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'In the lurch': Bank slammed after announcing over a dozen closures

'In the lurch': Bank slammed after announcing over a dozen closures


Published on 2025-02-03 16:21:03 - Couriermail
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  • An Aussie bank will close more than a dozen branches across the nation in a move which has been slammed as an "attack on regional communities".

The article from news.com.au discusses the backlash against the Commonwealth Bank of Australia (CBA) for its decision to close 13 branches across the country. This move has been criticized for disproportionately affecting rural and regional communities, where access to banking services is already limited. The closures are part of a broader trend of banks reducing their physical presence due to the shift towards online banking. Critics argue that this leaves many vulnerable groups, including the elderly and those without reliable internet access, in a difficult position. The Finance Sector Union (FSU) has condemned the closures, highlighting the lack of consideration for these communities and the potential economic impact on local areas. The article also mentions that while CBA has promised to support affected customers, many feel abandoned by the bank's strategy to prioritize digital over traditional banking services.

Read the Full Couriermail Article at:
[ https://www.news.com.au/finance/business/banking/in-the-lurch-bank-slammed-after-announcing-over-a-dozen-closures/news-story/332cb3c2942d66555b1dfc102aa9d908 ]
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