Britain’s TSB axes 164 branches and around 900 jobs

LONDON (Reuters) – British bank TSB has announced it will close 164 branches and cut around 900 jobs, pressing on with cost-cutting as lenders grapple with the economic impact of the COVID-19 pandemic.

TSB, part of Spain’s Sabadell , said the cuts were part of its three-year strategy to reduce costs to stay competitive.

(Reporting by Iain Withers, Editing by Lawrence White)