The Entire Banking System Is Shaking - The Great Awakening

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The Entire Banking System Is Shaking (discernreport.com)

posted 357 days ago by LakotaPride 357 days ago by LakotaPride +121 / -0

The Entire Banking System Is Shaking

Why are big banks suddenly rushing to shut down so many local branches all over the nation? As I have

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– OffGridGuy 2 points 357 days ago +2 / -0

In an email to Best Life, a spokesperson for Chase said that the bank expects to open a total of 185 new branch locations across the U.S. in 2023 while closing a total of 142.

I fail to see how opening more branches than they are closing is "suddenly rushing to shut down so many local branches". Is the banking system in trouble? Probably. Does closing 20 or 50 or 100 of their 4,700 branches make any difference in that math? No.

https://www.msn.com/en-us/money/companies/chase-is-closing-another-23-branches-here-s-where/ss-AA1kJK6T#image=4

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– LakotaPride [S] 1 point 356 days ago +1 / -0

Thank you for the link. I suspect they are all in trouble and I have not seen or read of any new branches opening.

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– OffGridGuy 1 point 355 days ago +1 / -0

I found an article in July about 5 Birmingham locations being opened this year. Did a Google Street View on the 1021 Marble Ter., Hoover, AL one and it shows steel framework up with an aerial lift platform and workers in it and several signs saying Chase and coming soon, so I don't doubt it. Chase's branch locator shows hours for it.

https://www.al.com/news/2023/07/chase-announces-6-new-birmingham-area-locations-first-2-in-huntsville-madison.html

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