Why Bank Branches Are Here to Stay

Whether in a new form or the old, bank branches are here to stay regardless of desires of financial institutions to cut the costs of maintaining them in face of fierce neobank competition. As FDIC data suggests, US banks have reduced the number of branches by 6% since 2009. In addition, the 93,283 branches open at the end of last year was the lowest in a decade.

Nonetheless, the decline in the network of b ...

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