Bank Holidays in May 2024: Impact on Branch Closures and Online Banking on Nostr: Bank Holidays in May 2024: Impact on Branch Closures and Online Banking ...
Bank Holidays in May 2024: Impact on Branch Closures and Online Banking
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#0debb6aa ver:0.36
Major US banks, including Bank of America, Chase, Capital One, US Bank, and PNC, have closed a total of 41 branches in a single week. PNC closed ten branches, followed by US Bank and Bank of America, which closed nine and eight branches respectively. This trend of branch closures is in response to the increasing popularity of online banking. The number of bank branches in the US has been shrinking over the past decade, with closures accelerating during the COVID-19 pandemic. The closures have been concentrated in California and the Midwest. Despite this trend, Chase has actually opened more branches than it closed, making it the only leading bank to have more brick-and-mortar locations in 2024 than the previous year. The closures are expected to continue, with more consolidation of branch ...
#newstr #BankHolidays #BranchClosures #OnlineBanking #DecliningProfits #JobCuts #FinancialLosses #Digitalisation #StoreClosures #WorkerAssistance #Maintenance
https://here.news/story/0debb6aa?ver=0.36
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#0debb6aa ver:0.36
Major US banks, including Bank of America, Chase, Capital One, US Bank, and PNC, have closed a total of 41 branches in a single week. PNC closed ten branches, followed by US Bank and Bank of America, which closed nine and eight branches respectively. This trend of branch closures is in response to the increasing popularity of online banking. The number of bank branches in the US has been shrinking over the past decade, with closures accelerating during the COVID-19 pandemic. The closures have been concentrated in California and the Midwest. Despite this trend, Chase has actually opened more branches than it closed, making it the only leading bank to have more brick-and-mortar locations in 2024 than the previous year. The closures are expected to continue, with more consolidation of branch ...
#newstr #BankHolidays #BranchClosures #OnlineBanking #DecliningProfits #JobCuts #FinancialLosses #Digitalisation #StoreClosures #WorkerAssistance #Maintenance
https://here.news/story/0debb6aa?ver=0.36