From Bank Branches To Banking Hubs

Getty Images The coronavirus pandemic has rapidly accelerated the need for digital transformation in the banking industry. As many national and local bank branches begin to close around the country and we see a reported 200 percent jump in new mobile banking registrations and an 85 percent increase in mobile […]

Here’s what execs at Bank of America and JPMorgan are thinking about where they’ll open and close brick-and-mortar branches as digital banking adoption soars

Brian Moynihan, the chief executive of Bank of America. REUTERS/Joshua Roberts Speaking at the Barclays Global Financial Services Conference on Tuesday, Bank of America CEO Brian Moynihan and Jennifer Piepszak, JPMorgan’s CFO, both spoke about customers’ increasing reliance on digital banking tools. Moynihan said that the pandemic had accelerated already-burgeoning […]

PNC, Key Bank to close more branches

FOX Business’ Charlie Gasparino says banks are telling personnel that nonessential New York City staff could be working from home well into 2021, and UBS brokers have reportedly been alerted they may not return until April 2021. Big banks PNC and Key announced during Tuesday’s virtual Global Financial Services Conference hosted […]