Submission Documents: By Councillor Martin Rhodes:- Council notes the decision made by TSB to close a further 6 branches across Glasgow; that research by Which? Magazine suggests that Glasgow will have lost around 50% of its local bank branches by 2021; and that similar concerns have been expressed about reductions in the network of free ATMs. Council believes that local and easily accessible bank branches are an important part of building a local community; recognises that the pace of change towards digital banking risks isolating vulnerable residents and undermining local, small businesses; and that access to free ATMs is vital for our communities. Council further believes that this situation is contrary to the spirit of this Council's Financial Inclusion Strategy, namely that services should be provided locally and accessibly, and at the earliest opportunity to reduce crisis demand on the public purse; and contrary to the Council's Strategic Plan to support small businesses and support business diversity in local high streets across the City. Council therefore resolves to condemn the continuing closure of local bank branches, calls on TSB Bank to reverse these decisions; and that a report should be brought to the relevant Committee outlining how the Council is working and can work with partners such as credit unions, advice services, commercial banks and others to: - ensure that citizens have access to basic banking facilities that are accessible, flexible and local to them; - ensure that there is provision for free ATMs across the city and all its communities; and - ensure that lack of available cash and the blight of vacant bank branches are not barriers to local high street growth. Help Icon

This is the list of documents available for the submission By Councillor Martin Rhodes:- Council notes the decision made by TSB to close a further 6 branches across Glasgow; that research by Which? Magazine suggests that Glasgow will have lost around 50% of its local bank branches by 2021; and that similar concerns have been expressed about reductions in the network of free ATMs. Council believes that local and easily accessible bank branches are an important part of building a local community; recognises that the pace of change towards digital banking risks isolating vulnerable residents and undermining local, small businesses; and that access to free ATMs is vital for our communities. Council further believes that this situation is contrary to the spirit of this Council's Financial Inclusion Strategy, namely that services should be provided locally and accessibly, and at the earliest opportunity to reduce crisis demand on the public purse; and contrary to the Council's Strategic Plan to support small businesses and support business diversity in local high streets across the City. Council therefore resolves to condemn the continuing closure of local bank branches, calls on TSB Bank to reverse these decisions; and that a report should be brought to the relevant Committee outlining how the Council is working and can work with partners such as credit unions, advice services, commercial banks and others to: - ensure that citizens have access to basic banking facilities that are accessible, flexible and local to them; - ensure that there is provision for free ATMs across the city and all its communities; and - ensure that lack of available cash and the blight of vacant bank branches are not barriers to local high street growth..

Click on the links to view the individual documents in PDF format.

Name Type of Document Access View Document
Item Minute - 29 October 2020 Minute Public Open Document in PDF Format
(196 KB)

 

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