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The two megabanks continue to shrink their branch networks, with BofA planning to close 20 locations and Wells recently shuttering 15. Both banks are also opening new branches in certain markets. ....
“I see it as Lego blocks where the bottom layer is a strong technology foundation that gives us a platform to offer cutting-edge digital solutions to our ....
Lloyds Banking Group will close a further 28 branches in Britain this year, just two months after axing 60 outlets, in a move that has drawn criticism from employee union Unite. Banks across the industry have made deep cuts to their branch networks in recent years, which they say are necessary to respond to growing demand for online services. "Branch visits have been falling significantly for several years now, and this trend is continuing," said Vim Maru, group retail director at Lloyds, in a statement. ....
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