UK Post Office says it would make no profit as part of its deal with banks.
BANKING AND CREDIT NEWS-February 6, 2019--UK Post Office says it would make no profit as part of its deal with banks
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Global Banking News - 06 February 2019
The Post Office Department in the UK has told MPs that its deal with banks would not provide it with any profit.
The department has agreed to provide banking services through its 11,500 branches across the UK. In a hearing with the Treasury Select Committee on consumer access to financial services, the Post Office told MPs that it is holding talks with banks in an effort to turn around the service's performance.
With banks closing a...
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