E2059: Did You Notice America's Banks Are Closing!!

Major U.S. banks, including Chase, Bank of America, and Wells Fargo, have closed 145 branches in five weeks, signaling a shift towards digital services. From February 7 to March 14, banks reported closures to the Office of the Comptroller of the Currency. Flagstar Bank led with 44 closures, followed by TD Bank with 38. Bank of America added nine closures, totaling 168 in 2024. This trend highlights decreasing reliance on physical branches as customer preferences evolve. Hosted on Acast. See acast.com/privacy for more information.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.Discover other shows on the Talk Red Podcast Network, and get your daily fix of news, sports, and entertainment at https://TalkRed.com.DISCLAIMER: Some elements of this podcast may include AI-generated content, such as cover thumbnail images, show descriptions and some background audio. Hosted on Acast. See acast.com/privacy for more information.