Reported about 10 hours ago
BNP Paribas has announced plans to close 200 retail branches in France by 2027 as part of a strategy to boost profitability. The bank will shut about 80 branches this year and an additional 120 next year, potentially leading to a 5% annual reduction in branch staff. The move aims to shift focus towards online and telephone banking services, with alternatives offered to affected employees. The restructuring is part of a broader initiative to enhance the bank's retail banking division under new leadership.
Source: YAHOO