Bank closures impacting SME finances, report reveals

The ongoing closures of local bank branches are presenting “tough challenges” for the UK’s small-and-medium-sized enterprises (SMEs). This is according to a new report from the Federation of Small Businesses (FSB), which revealed that smaller firms are increasingly missing out on important face-to-face interaction with banking staff. Is this a problem that’s set to get worse, or can SMEs overcome the hurdles of online banking?