Major US banks closed 42 branches in just two weeks
6 months, 2 weeks ago

Major US banks closed 42 branches in just two weeks

Daily Mail  

Major banks have shuttered more than 40 locations in just two weeks as the local branch bloodbath continues. 'Survey data continues to show that online banking is quickly becoming the standard for how people bank,' Lead Data Content Researcher at GoBankingRates, Andrew Murray, told DailyMail.com following the latest figures. Morgan said that online banking can help consumers save money as many online-only banks offer lower or even no fees at all, and can offer higher interest rates on savings since they do not have the same overhead costs of running bricks-and-mortar branches. Indeed closures can lead to significant savings for traditional banks since the average freestanding bank branch costs around $2.6 million a year to run. 'Over the last several years, we have rightsized our branch network, and we may continue to combine two older existing branches into one better situated location,' Wells Fargo told DailyMail.com.

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History of this topic

Major banks closed more than 1,000 local branches last year... as experts reveal bloodbath to worsen in 2025
1 month, 3 weeks ago

Major banks closed more than 1,000 local branches last year... as experts reveal bloodbath to worsen in 2025

Daily Mail  

Major US banks closed a total of 1,043 branches over the course of last year, leaving communities with dwindling local services. Loss of local branches is a struggle for some older clients who do not use mobile banking 'Retail bank closures in the US aren't slowing, and in fact our research shows that the last time this many people relied …

Here are the major banks that closed 65 branches across the US
4 months, 1 week ago

Here are the major banks that closed 65 branches across the US

Daily Mail  

Major banks closed 65 locations across the country in just three weeks. Experts from Self Financial reached the number by studying the rate of net closures across the country, which has averaged 1,646 each year since 2018. 'Client's banking preferences and behaviors are changing, including a rapid migration toward digital and mobile banking platforms, and a desire for greater simplicity,' …

Major banks closed 46 branches in just TWO weeks - is yours affected?
5 months, 1 week ago

Major banks closed 46 branches in just TWO weeks - is yours affected?

Daily Mail  

US banks closed 46 local branches in the first two weeks of October alone. Citizens bank closed fifteen locations in the two-week period October 1 to October 14 ALL THE OTHER CLOSURES IN 2024 US banks closed 754 branches in the first nine months of the year. It comes after DailyMail.com revealed that banks had closed more than 700 branches …

Chase abruptly shuts 7 branches in just one week - amid total closures of 14 from major US banks
6 months ago

Chase abruptly shuts 7 branches in just one week - amid total closures of 14 from major US banks

Daily Mail  

Chase has closed seven of its local branches in just one week, forcing its customers to travel further for vital services. JP Morgan Chase closed seven branches in just one week in September Major banks are increasingly moving away from expensive brick-and-mortar branches in favor of online services. 'Survey data continues to show that online banking is quickly becoming the …

Banks have closed 539 branches in just six months - with Wells Fargo, Chase among those shutting the most
8 months, 1 week ago

Banks have closed 539 branches in just six months - with Wells Fargo, Chase among those shutting the most

Daily Mail  

Scroll down for a searchable table with the addresses of all closures this year Affected by your local bank branch closing? Email us at money@dailymail.com Banks closed 539 local branches across the country in the first half of the year - leaving more and more Americans without access to basic financial services. US banks closed 539 branches in the first …

Coffee, sculptures and financial advice. Banks try to make new branches less intimidating
9 months, 2 weeks ago

Coffee, sculptures and financial advice. Banks try to make new branches less intimidating

Associated Press  

NEW YORK — It’s like Sephora or Starbucks now offered a checking account. After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch. …

Coffee, sculptures and financial advice. Banks try to make new branches less intimidating
9 months, 2 weeks ago

Coffee, sculptures and financial advice. Banks try to make new branches less intimidating

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. After years of closing or mostly neglecting physical bank …

Britain's banking crisis laid bare: More than 6,000 branches have closed in last nine years with three out of every five shutting for good - as bosses are accused of being 'in a race' to see who can a
10 months, 1 week ago

Britain's banking crisis laid bare: More than 6,000 branches have closed in last nine years with three out of every five shutting for good - as bosses are accused of being 'in a race' to see who can a

Daily Mail  

The number of UK bank branches shutting their doors over the past nine years will pass the 6,000 mark today amid an 'avalanche' of closures, a study has revealed. Constituencies set to have no bank branches by the end of the year Barnsley East Bolton West B radford South Bury South Central Suffolk and North Ipswich C hatham and Aylesford …

Barclays announces fresh wave of branch closures with 22 more to shut - is YOUR local affected
1 year, 1 month ago

Barclays announces fresh wave of branch closures with 22 more to shut - is YOUR local affected

Daily Mail  

Barclays have announced they are to close another string of branches over the coming months in a fresh blow for high street shoppers. The popular high street bank - which boasts 48 million customers as of 2023 - is to start pulling the shutters down on 16 sites in England, two in Wales, one in Scotland and one in Ireland …

Australian banks close hundreds of branches and ATMs as services move online
2 years, 5 months ago

Australian banks close hundreds of branches and ATMs as services move online

ABC  

More than 1,600 bank branches closed nationally in the past six years, new data shows, with 309 branches axed in the last financial year alone. Key points: More than 300 bank branches closed nationally in the last financial year Banks also closed 963 ATMs last year as services moved online Australia has seen a 30 per cent drop in branch …

More than 500 bank branches close since pandemic struck
3 years, 10 months ago

More than 500 bank branches close since pandemic struck

The Telegraph  

UK towns have lost 529 bank branches since the start of the pandemic despite the City watchdog urging lenders to hold back on cuts during the Covid crisis, it has emerged. Since the first national lockdown was imposed on March 23 last year, banks have gone on to close 529 branches, according to Which?. The closures have come despite the …

Banks say branch closures no longer a sign of a town in decline as online shift accelerates, but locals still worried
3 years, 10 months ago

Banks say branch closures no longer a sign of a town in decline as online shift accelerates, but locals still worried

ABC  

Peter Batten still has his old Commonwealth Bank money box. Key points: The Finance Sector Union says about 300 bank branch closures have been announced since January 2020 Cabonne Mayor Kevin Beatty is calling for an alternative to a complete closure of Molong's CBA branch Australian Banking Association CEO Anna Bligh says banks are investing money where customers are increasingly …

Banks To Remain Closed for 6 Days from March 27 to April 4: Details Here
3 years, 11 months ago

Banks To Remain Closed for 6 Days from March 27 to April 4: Details Here

News 18  

People who are planning to visit banks will have to postpone it as banks across the country will remain closed due to holidays and the end of the financial year. According to the bank calendar released by the Reserve Bank of India, the coming weeks of March and April will witness over seven days of holidays. From March 27-29 banks …

Bank Holidays Alert! Banks to remain closed for 10 days in February 2020; Check full list here
5 years, 1 month ago

Bank Holidays Alert! Banks to remain closed for 10 days in February 2020; Check full list here

India TV News  

In February 2020 while there aren’t any national holidays, India celebrates a number of regional public In the second month of the year i.e., February, there are lesser number of days as compared to the other months. Among major festivals in February 2020, Maha Shivaratri falls on February 21 and banks in India will observe a holiday. As per the …

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