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Tag: bank branches


News

Lloyds Banking Group to close 66 more bank branches

July 29, 2022

Via: FinTech Futures

The closures are the latest in a long line of branch closures as high street banks grapple with changing customer behaviours and the shift to mobile and digital-first banking. Lloyds Banking Group says it has 19.1 million online banking customers […]


Activity, Retail Banking

As branches dwindle, larger bank offices are harder to offload

March 4, 2022

Via: Banking Dive

The COVID-19 pandemic exacerbated growth in digital banking, as physical branches were forced to temporarily shut their doors. But it is likely the pandemic accelerated an underlying trend, rather than kick-starting a new one, Ryan found. “Most millennials and younger […]


News

U.S. banks close 2,927 branches in 2021, a 38% jump

January 24, 2022

Via: Banking Dive

Banks are reducing their branch footprints as more customers choose to manage their accounts through mobile and other digital channels, instead of banking at traditional brick-and-mortar retail locations. The S&P Global report indicates the COVID-19 pandemic has accelerated the shift […]


Retail Banking

Left-leaning lawmakers like Bernie Sanders want Americans to bank at the post office — why that won’t help millions of people

June 5, 2019

Via: Market Watch

Progressive lawmakers including U.S. Sen. Bernie Sanders and U.S. Rep. Alexandria Ocasio-Cortez want Americans to be able to visit their local post office for their banking needs. Sanders, an independent from Vermont, and Ocasio-Cortez, a New York Democrat, see “postal […]


Retail Banking

JPMorgan Chase is doing something that no other big Wall Street bank is doing

August 12, 2016

Via: CNBC

JPMorgan Chase is doubling down on its in-person customer service, at a time when most Wall Street firms have been cutting branches and headcount. “We’ll continue to build branches,” JPMorgan Chase consumer bank CEO Barry Sommers said Thursday on CNBC. […]