Banks, here are who will cut branches, employees and ATMs between now and the end of the year

Banks, here are who will cut branches, employees and ATMs between now and the end of the year
Banks, here are who will cut branches, employees and ATMs between now and the end of the year

Deutsche Bank cuts its branches but does not run away from Italy. Monte Paschi will soon be safe, but without Unicredit. And then there are the many pushes and pulls on small and medium-sized institutions. For early retirement, early exits, exasperated mobility or even just simple layoffs. But there are thousands. The banking world is in full crunch. In the 14 banking groups operating on the market, the waltz of branch closures and expulsion of employees has begun. The unions are trying to stem the flood. But it is not just a question of forced adaptation to the times of electronic money and web operations. There is also a problem of ‘financial holes’. Of credits that cannot be obtained. Branches that suddenly change signs leaving customers displaced. Here is what is happening between now and the end of the year, the overview is by the Newsroom of ProiezionidiBorsa.

Banks, here are who will cut branches, employees and ATMs between now and the end of the year

The German group intends to further reduce them from the 266 currently owned on Italian territory. Perhaps he will just want to exceed 150, as is the case in Spain. The open branches, meanwhile, will soon no longer issue cash. Services for micro-retail customers will disappear and those for large assets and companies will increase. The German bank intends to focus its business on the wealthiest and smartest customers. Perhaps by eliminating any low-profit, mass-market activity. As it has already done in Spain, it wants to become the ideal partner for large companies and for customers with wealth between 50,000 and 500,000 euros. Who never go to the bank in person and do everything remotely.

The unknown exodus from Monte dei Paschi

The slimming treatment decided by the Frankfurt giant will also affect the staff of Monte dei Paschi. It is not known how many employees will be cut in the oldest bank in the world, but certainly a few thousand. Only those who work in IT services are 850. The Sienese banking giant could remain in public hands and pass to Mediocredito Centrale, controlled by Invitalia. A brand that has already saved Banca Popolare di Bari. Some observers, however, discard this hypothesis in favor of a timed acquisition by Unicredit. However, no decision will be taken before the end of the run-offs of the municipal elections, scheduled for 17 and 18 October. There is no shortage of rumors and even scams. Speaking of which, pay attention to the new banking scam for Monte dei Paschi and BPER customers, a group we will discuss shortly.

The tug-of-war in BNL continues

Banks, here are who will cut branches, employees and ATMs between now and the end of the year. Meanwhile, in Bnl there are 900 employees to be ‘outsourced’ and relations between top management and employees are very bad. Also in BPER Banca there is a redundancy plan to be discussed, with 1,700 employees. Who are waiting to open the tables with the unions. At the last negotiation there were 800 who asked for the slide with the possibility of retiring 3 years in advance, but then they did not accept. They preferred to stay at work. Perhaps we will talk about it later, if the famous marriage with Popolare di Sondrio, of which we are talking about, occurs, if only for the fact that Unipol Banca is a shareholder of the Valtellinese group.

Source

Banks cut branches employees ATMs year

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