The Halifax effect
The departure of Halifax from the retail banking sector is just the latest sign of less choice and less competition for consumers
Banking consumers and employees alike found their options dwindling last week, with the news that Halifax will close the doors of its Irish retail banking business in May. As a result, 44 branches will disappear and 750 staff will be left without a job.
For consumers, Halifax’s departure means that the banking sector will offer even less choice.
Halifax has been credited with driving competition in the retail banking sector since it opened the doors...
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