James Cowles, Citigroup’s chief executive for Europe, the Middle East and Africa, said the bank had been in talks with governments and regulators in different countries, including Ireland, Italy, Spain, France, Germany and the Netherlands. Swiss bank Credit Suisse has also confirmed it is considering a number of European cities.HSBC HSBC will close a further 62 bank branches in the UK in 2017, the BBC reports.
The news follows a Which? report at the end of last year which found that HSBC closed the most branches in 2015 and 2016. HSBC said the plans brought its ‘branch restructuring programme’ to an end.BT The Telegraph reports on a story which has been dominating business news for the past few days: BT’s accounting scandal in Italy. Yesterday BT endured its worst ever day as a public company as investors punished the company for revealing a deterioration in its UK public sector and corporate business alongside the details of improper accounting by its Italian business.