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Wednesday 19 May 2021

American Branch Banking is dying - Why?

The 2008-09 financial crisis was triggered by reckless banking practices that morphed into the global economic system. Though the world has since recovered and moved on from the crash, the banking system that ignited such damage has in some ways never been the same.

In the last decade, 27,943 bank branches have closed in the U.S. The increasing prominence of mobile and digital banking is leading to lighter demand for in-person banking services 

Check out the infographic HERE.