Finance Macro/ Micro Economics

BANK BRANCHES ALL OVER THE WORLD ARE CLOSING! NOTHING TO SEE HERE!

I found an article the other day and again I found another and so I thought I would share these with you all so you get an idea of the Financial stuff going on around the world so here ya go. Major Banks are closing branches and if you know why then you know and if you do not I suggest you wake the PLUCK UP!

Bank of America and other national banks temporarily close hundreds of branches, including some in KC.

Bank of America and JPMorgan Chase & Co. (NYSE: JPM) were tight-lipped on how widespread the temporary closures are, with both declining to provide national numbers. Wells Fargo is also having temporary closures.

These Central Bankers in the UK are also having branch issues: Barclays, HSBC UK, Lloyds Banking Group, Nationwide Building Society, NatWest, Santander UK, TSB and Danske Bank have agreed to the new approach, with some other firms also considering joining up.

Now I am not a financial guru, but if they cannot keep the branches open and they cannot even service their own cash machines, what does that tell you? The Central Bankers are outta Money?