Intelligence

B of A gives itself five years to save branch banking

Bank of America is rethinking branches from the ground up.

As consumers grow ever more accustomed to depositing and moving money, seeking credit and performing other basic functions electronically, financial institutions are grappling with the question of what to do with their branches. Over the last several years, large banks have sold branches, closed others and exited entire regions.

Source: American Banker

Read more: https://www.americanbanker.com/news/b-of-a-gives-itself-five-years-to-save-branch-banking

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