Episode Details

The number of U.S. banks closing branches has hit a 14-year low according to research from S&P Global. The number of bank branches being closed is still outpacing new branches being opened, but the margin has been shrinking over the last 4 years. While many banks are right sizing their footprints, there are some banks that are opening new branches such as PNC and JPMorgan. This episode reviews an article from S&P Global (subscription required) titled “Branch closures hit 14-year low as banks slow closing, execute building sprees.”