90% of UK bank cuts are in lower-income areas: study

London

BRITAIN's largest banks are disproportionately closing branches in the lowest-income areas while expanding in wealthier ones, taking bricks-and-mortar services away from communities where they are arguably needed most, an analysis by Reuters shows.

HSBC, Royal Bank of Scotland (RBS), Barclays and Lloyds Banking Group are among banks that have cut 600 branches from April 2015 to April 2016.