we already knew this by seeing multiple posts....
https://www.msn.com/en-us/money/companies/wells-fargo-bank-branches-start-to-disappear/ar-AA1ffMSG?ocid=msedgntp&cvid=17dbe6ca0e89402e8adb8d87c90ea256&ei=9
8 replies (most recent on top)
On the bright side, hard to have tellers sign you up for accounts you never asked for if that's no branch for them to work at...
That might be what he's trying to do, the only problem is we're not all that competitive in this businesses he wants us to focus on. All signs suggest it's a failed approach.
Chase has been expanding their branches.
Maybe Charles wants Wells to be like Citi? Purely an east/west coast focused bank, heavy into trading and investment banking, and phase out traditional services/products like mortgage/auto/retail banking etc
Breaking news...water is wet.
At this point in time, branches exist to serve the following two types of non-business customers:
- The elderly
- Hispanic 'migrant workers' that send money and peanuts back home. Their non-citizen status makes traditional banking a challenge
That's pretty much it.
Lots of new branches I've seen being built.
they are also building new branches. have seen a couple go up around my neighborhood recently.
Branches...🥱