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Unfortunately for US banks, their 2023 winning streak petered out in the fourth quarter, resulting in disappointing earnings overall to finish off the year, though some fared much better than others. Banking leaders are hopeful for a 2024 turnaround, but much will depend on central banks’ policy manoeuvrers and geopolitical developments.
Customers of biggest U.S. banks have steadily increased unpaid balances
Large US banks reported mixed results Friday, dented by exceptional costs connected to job cuts and to replenishing a federal fund tapped during last years crisis involving midsized lenders
Two bank branches will remain within Charlottesville city limits after Nov. 1.
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.