Banks closed 4,000 branches in 2021, frustrating many consumers. Here's what to know as more people start turning to online banking.
OAKLAND, Calif. -- Maybe it happened to you, because it's certainly happening to more of us. Thousands of our banks this past year closed or reduced their hours.The temporary closure of a Wells Fargo Bank in Oakland, for example, caught customers by surprise.
"I'm super annoyed and super irritated. This is a huge inconvenience and I wish something could be done about it," said Dondrea Morgan of Oakland.Last year, Wells Fargo closed 221 branches. That's more than any other bank.Bank of America shut down its Brisbane branch, leaving the small city south of San Francisco without any banks.Chase turned off the lights at a branch in South San Francisco early in the pandemic, but it has since reopened offering a new set of services.
A report from Global Market Intelligence found banks set a record by closing nearly 4,000 branches last year and opened just 1,000 new ones.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Chinese Banks in Two Key Cities Cut Mortgage Rates to Boost Housing SectorTwo of China’s largest and most prosperous cities have cut interest rates for prospective home buyers, joining an effort to prop up a housing sector whose weakness could threaten the broader economy.
Leer más »
Biden Targets Russian Banks In ‘First Tranche’ Of U.S. SanctionsPresident Joe Biden’s sanctions announcement came shortly after Russia authorized military force abroad and sent troops into eastern Ukraine.
Leer más »
Russia's Incursion Into Ukraine Heightens the Chance of Policy Mistakes by Global Central BanksAs fears of an all-out invasion of Ukraine by Russia heighten, spikes in energy prices and knock-on economic effects could spell trouble for central banks.
Leer más »
Explainer: Western sanctions on banks only scratch surface of Fortress RussiaThe U.S., EU and UK announced new sanctions on Russia after Moscow's recognition of two separatist regions in Ukraine as independent entities. Chief among their targets: Russian banks and their ability to operate internationally
Leer más »
Biden sanctions Russian oligarchs, banks in Ukraine crisisThe East-West faceoff over Ukraine has escalated dramatically, with Russian lawmakers authorizing President Vladimir Putin to use military force outside his country and President Joe Biden and European leaders responding by slapping sanctions on Russian oligarchs and banks
Leer más »