THE GREAT AWAKENING 1776

[catdaddyrt]

The Biden Effect or the QFS weeding out insolvent banks

August 21, 2023. According to a report in today's DailyMail, 1,144 bank branches have closed in the United States from the beginning of the year through July 31. At the end of May, there were 78,121 bank branches in the U.S., but fewer and fewer people are visiting these branches when you can manage almost everything on your iPhone app. As for the top ten banks that will struggle to eliminate the branch by 2023, they are as follows: PNC - 201 U.S. Bank - 185 Wells Fargo - 160 JP Morgan Chase - 54 Bank of America - 49 Santander - 44 Citizen's Bank - 38 Huntington Bank - 32 M&T Bank - 21 Fifth Third Bank - 19 Beyond the employees who may be looking elsewhere, is anyone shedding a tear over the demise of the local bank branch? As with the horse and buggy, over time, physical banks will be few and far between. Who wants to spend time driving around and then waiting in line for a well-meaning teller who offers a service you can perform on your smart phone. https://www.crowdfundinsider.com/2023/08/211770-1144-bank-branches-closed-this-year-does-anyone-really-care/ Crowdfund Insider (https://www.crowdfundinsider.com/2023/08/211770-1144-bank-branches-closed-this-year-does-anyone-really-care/) 1,144 Bank Branches Closed This Year. Does Anyone Really Care? While Fintechs tend to combine industry knowledge with a vision of providing more services at a lower cost, old banks would probably prefer to keep things