Tesco to open bank branches in 30 of its stores

Tesco is set to open bank branches in 30 of its stores by the end of this year.

The supermarket giant has been running an in-store bank in Glasgow since 2006 and plans to open three more branches in Brislington, Blackpool and Coventry next month.

Tony Collins, managing director of Opal, whose research recently re-vealed that supermarkets pose the biggest threat to financial firms, says: “While consumers don’t necessarily want a one-stop shop they also don’t want to trawl around a variety of providers.

“Enlightened firms have used similar tactics to supermarkets to boost their product ranges by adopting white labelling.”