Banking supermarkets

In Britain, new types of banks have attracted customers who feel let down by the traditional institutions, but will the same thing happen here? Jon Ihle reports.

14th July, 2012
Banking supermarkets
Retailer Marks & Spencer is opening 50 bank branches at its department stores across Britain.

In June, retail giant Marks and Spencer announced that it was opening 50 bank branches at its department stores across Britain, starting with its flagship Marble Arch location in London this month and continuing in the autumn with the roll-out of the rest.

The move, which is being done in partnership with HSBC, the world's largest bank, is an extension of M&S's existing financial services, available under the M&S Money brand since 1984. M&S Bank will...

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