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Young or old, most Americans now gravitate toward doing their banking business online.
Wells Fargo is testing how account holders react to a much smaller bank branch.
Banks and many of their borrowers will be significantly impacted by Superstorm Sandy. Find out how regulators are advising the banking industry on the situation.
If your bank closed or sold some of its branches last year, you weren’t alone. In fact, the total number of bank branches in the U.S. declined in 2011, after years during which the number of bank locations expanded. Still, the drop in branch locations didn’t stop some banks from expanding their reach or adding
Online and mobile banking might be all the rage, but young people still conduct banking transactions at bank branches as well. That’s according to a recent report, “Maximizing Financial Relationships with Gen Y,” by Synergistics Research, a financial services marketing research company in Atlanta. The report found that branches and ATMs still account for a
This week Bank of America became the latest large bank to announce mass layoffs in an attempt to cut costs and improve profitability. From Dan Fitzpatrick at The Wall Street Journal: Bank of America Corp. Chief Executive Brian Moynihan announced a $5 billion cost-pruning plan that includes 30,000 job cuts. Bank of America will cut
Florida is known as The Sunshine State, and with good reason. So it’s perhaps no surprise that TD Bank chose Ft. Lauderdale, Fla., as the site of what the bank says is the first net-zero energy bank location in the U.S. A “net-zero energy building” is one that produces at least as much renewable power
A new survey of 15,000 people in the U.S. and Canada has found that banking customers have so far not embraced mobile banking. In fact, only a scant 1.7 percent of U.S. respondents said they preferred to use mobile banking for routine transactions. That figure wasn’t as dismal as the percentage who said they liked to
Pacoima, Calif., isn’t a place I would normally visit on a Saturday afternoon, but last weekend, I was there. Pacoima is a little carve-out in the northeast corner of the San Fernando Valley, north of Los Angeles. The main street has a lot of liquor stores, a couple of fast-food outlets, block after block of
Online and mobile banking may cut into the foot traffic of a typical neighborhood bank branch. But branches are still important to customers who haven’t adopted those new technologies or who need to maintain a safe-deposit box, purchase a money order, apply for a loan or deposit checks, currency or coins, among other services. Our
