Barclays to scrap traditional branch cashiers

clock

Barclays will scrap its 6,500-strong cashier team in October, converting them into 'community bankers' with iPads.

The bank has already started a trial of 'counter-less' service in 37 branches, according to the Daily Mail. The plan will see this rolled out across the 1,600-strong branch network.

Staff numbers will be unaffected by the change, with those who enrol as community bankers promised a small pay rise, the report said.

Barclays said the initiative “reflects the radical way banking is changing with customers increasingly choosing to conduct basic transactions through a digital platform and instead using branches for more in-depth conversations with staff”.

The bank's profits fell in the first quarter of 2014. However, the change was driven by a 50% drop in investment bank profits, an arm of the bank which is currently undergoing a restructure.

More on Investment

UK adults hold the smallest percentage of wealth in investments of all G7 countries

UK adults hold the smallest percentage of wealth in investments of all G7 countries

Just 8%

Sorin Dojan
clock 06 January 2025 • 2 min read
Friday Briefing: Energy's fall from grace is understandable but a comeback will be tough

Friday Briefing: Energy's fall from grace is understandable but a comeback will be tough

Friday Briefing

Eve Maddock-Jones
clock 06 January 2025 • 6 min read
Partner Insight: The global 60/40 portfolio - Steady as she goes

Partner Insight: The global 60/40 portfolio - Steady as she goes

After losses in 2022, returns for the 60/40 portfolio are again positive, reaffirming this allocation’s benefits.

Todd Schlanger Senior Investment Strategist, Vanguard
clock 06 January 2025 • 13 min read
Trustpilot