"We've written stories before on the increased consumer demand for online and mobile banking applications, detailing the clear trend away from the traditional bank branch and toward mobile banking. Now, a new study details how, for the first time in a decade, bank branches are in steep decline.
The Wall Street Journal, in partnership with Charlottesville, Va.-based SNL Financial, reports that U.S. bank branches are falling in number for the first time since 2002. Big banks like JPMorgan Chase (Stock Quote: JPM) and PNC Bank (Stock Quote: PNC) are reporting “hundreds” of bank branch closings, according to numbers compiled by SNL." >> Continue Reading
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