Lenders streamlining their strategies amid challenging business environment
BANKS worldwide are closing down branches and slashing their usage of office space like never before in a sure sign that the coronavirus pandemic has brought about permanent changes to the financial world.
While changes are not confined to this industry, lenders have largely been quicker than most to adapt to the changes.
This week alone, Standard Chartered said it would shut down half its branches and slash office space worldwide by a third in order to save costs as global lockdowns have greatly reduced the need for physical branches and offices.