TSB to close 82 branches, slash costs in strategy overhaul
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LONDON/MADRID (Reuters) - British bank TSB will close 82 branches next year, or about 15% of its total, as part of a turnaround plan aimed at making 100 million pounds ($128 million) of savings by 2022.The bank, which traces its roots back around 200 years, was bought by Banco Sabadell for 1.7 billion pounds in 2015 as the Spanish bank looked to expand into Britain in search of higher revenues.But the move backfired when IT glitches sent TSB's costs spiralling. Last year, TSB made a..