Sudden local bank closures in San Francisco area surprise residents – NaturalNews com naturalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalnews.com Daily Mail and Mail on Sunday newspapers.
Twenty bank branches closed across the city this year through Oct. 28, which is more than the previous two years combined and the most in a single year since at least 2000. Across the state, 277 bank branches have closed this year.
A noted household- and behavioral-finance researcher discusses conventional personal finance advice, emergency savings, and the role of defaults in improving retirement outcomes.
Why do some demographic groups visit banks less than others? According to a new study by Yale SOM’s Alexander Zentefis and the Fed’s Jung Sakong, the primary barrier for Black households is a lack of nearby branches.