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Norwich and Peterborough name to disappear from high street The brand is owned by Yorkshire Building Society Group, which has said it plans to close 28 branches across Norfolk, Suffolk and Cambridgeshire, which could result in the louis vuitton bags delightful loss of 136 jobs.
Norwich and Peterborough Building Society (N current accounts will also be closed by the end of August, meaning tens of thousands of customers will have to switch their accounts elsewhere. It added it wanted to focus on one high street brand and invest in its core businesses of mortgages and savings, making "services as easy and simple as possible for customers". The Yorkshire aims to close 20 Yorkshire Building Society branches in May and 28 N branches from September this year, with the N brand disappearing by April 2018, and will contact customers directly to explain the changes to their accounts. Under the proposals, the new look national group will have 260 branches: 143 Yorkshire Building Society branches, 17 current N branches which will be rebranded and 100 Yorkshire Building Society agencies. Mike Regnier, chief executive of Yorkshire Building Society, said the changes had been made as more people used digital services rather than relying on their local branch. He said: "The driving forces behind the proposed branch closures are shifts in market conditions and an increasing desire among customers to transact digitally rather than on the high street. We therefore no longer believe it is the right commercial position for us to continue to maintain these 48 branches across the N and Yorkshire network." Mr Regnier said that continuing to offer a current account would require a "significant increase" in investment which "would not represent good long term value" for its members. He added: "The Norwich Peterborough brand has been part of Yorkshire Building Society since 2011, and inevitably, some of our colleagues and members will be disappointed by these proposals. The values of the N and Yorkshire brands are synonymous and we believe operating with Yorkshire Building Society as our sole high street brand would allow us to run the business more effectively and efficiently, enabling us to deliver better products and services for our members. These proposals would help us achieve that aim and further reinforce Yorkshire's position as one of the most trusted financial services providers in the UK." Norwich and Peterborough branches to close: This is being seen as a final statement we should not forget that this is a building society a mutual which we, the members, own. We can decide who runs it on our behalf and if we don't like the way they are running it we can sack them. So if you want to do something, and keep your local branch open then DO SOMETHING get in touch, join the 'KEEP NandP' page on facebook and act before all is lost. As I see the sugegstions there will be NO branches of either YBS or N in Peterborough and only 2 in Norwich (both city centre). Quite where some of the users of other branches will have to travel to is beyond me. Good news for shareholders and in turn pension funds, so in a round a bout way good news for everyone. If this moves makes the core business more competitive, profitable and responsive to consumers changing needs and habits. It's not great news for those who'll be made redundant but that's just the nature of modern employment; a job for life is far and distant memory. There are still plenty of vacancies in East Anglia and beyond, so good luck to those who'll be looking for a new job. Look on this as an opportunity to begin a new chapter. Now which came first? The chicken or the egg? Sorry the branch or the people going into a branch? This is the second time in 24 hours I have seen exactly the same excuse given for closing branches. The one yesterday was HSBC. Perhaps online banking is more popular, though my bank has just jazzed up a perfectly good website to bring it in line with others and of course changed all the passwords louis vuitton neverfull epi and user names etc. I now have to look through my paper collection of 1 million easy passwords to update the details that I daen't keep on a computer because of digital thieves... So why don't I use branches well cashier number 1 is usually struggling with 5 customers 4 of which want to send money to the Artic branch and the other wants cash but forgot to order it 4 weeks in advance. I am still waiting though for my new keyboard which will allow me to pay cheques in online and will take in all the pennies in my savings jar... Remember people if your closing branch has an ATM, well it won't when it has closed... now can my printer print off bank notes while I do my online banking? Reality Check. This not a surprise as Internet banking has been gathering pace over the past 15 years. This means footfall into many louis vuitton neverfull yellow stitching branches if falling. And some not profitable enough it louis vuitton in atlanta airport seems and any takeover reduces any loses or poor performers. Many banks have already gone over the past 20 years, and some rural closures causing frustration to small villages. With likelihoodhood of a semi cashless society in 10 years many more banks and building societies will probably go as well.. The Internet trend has closed thousands of businesses in the UK over past years as we all know. GY has over 20 empty premises alone. GY will be different in 10 years time as not all current shops will probably still be there. Amazon is a shop open 247 to the world on the Internet, and GY just cannot compete with that.. This is more important to the rebuilding of the burnt out regent road site. Think to the future build something totally new. Or suffer the consequences of just rebuilding the old again. With GY going downhill before the fire.. Take overs always create job loses but GY N P is not on the list.
Yet. And as Yorkshire says Digital use is a desire that customers want. So branches close.
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