Harrods has sent letters to personal and business customers telling them to move their bank accounts Oli Scarff/Getty ImagesIt survived scandal under the ownership of Mohamed Al Fayed, years of losses and the takeover by a Gulf monarchy, but after more than a century of life, Harrods is finally closing the doors of its only bank branch. The department store, which is preparing to offload the business to a start-up lender, has sent letters to personal and business customers telling them to move their accounts. The 124-year-old bank has said that it will close down its branch on the second floor of Harrods, stop providing accounts and end some of its older savings products, after a strategic review of its operations. Though only a tiny business compared with the big high street banks, Harrods Bank has enjoyed an eventful history, with customers reputed…

Source: The Times September 17, 2017 23:03 UTC