TSB to cut 82 branches in strategy overhaul, up to 400 may go
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LONDON/MADRID (Reuters) - British bank TSB said it will shut 82 branches next year, or 15% of its network, in a turnaround plan that aims to save a total of 100 million pounds ($128 million) by 2022 and which a source said could mean the loss of up to 400 jobs. The bank, whose roots go back about 200 years, was bought by Banco Sabadell for 1.7 billion pounds in 2015 as the Spanish bank sought to expand into Britain.The move backfired when IT glitches sent TSB's costs spiralling, forcing Chief..