One of the nation’s biggest banks is planning to reduce its number of branch employees.
If you’re a bank customer frustrated by declining perks and rising fees, you might think banks and their stockholders are raking in the dough, but that’s not actually the case. Jack Hough of The Wall Street Journal published his outlook for big bank stocks in 2012, and it’s not looking great: “Banks have much more
Banks are fond of saying they have to raise fees to make checking profitable. But could cutting costs be a better option? If you’ve been watching President Barack Obama’s speeches lately, you’ll know he has often used the example of ATMs replacing human bank tellers to illustrate how increasing automation has permanently reduced employment in