Tagged: bank closures

Bank Closures Continue Across the Globe, as Digital or Online Banking Becomes the Norm in Post COVID World

George Holland, Mayor of Moorhead, Mississippi, recalls the feeling he experienced when  Regions Bank announced it was shutting down its physical branch in his town just a few years back. As reported by NPR, Holland noted that it was the only banking service provider in… Read More

Digital Transformation: Germany’s Commerzbank to Invest €1.7B into Digitizing Banking Operations, will Close Down Many Physical Branches, Lay Off Staff

Germany-based lending company Commerzbank has announced that it will be cutting around 10,000 jobs and will permanently shut down 340 branches by 2024. The company confirmed that it plans to focus more on its digital transformation strategy so that it can lower operational costs and… Read More

Over 160 UK-based Physical Bank Branches are Closing Down Permanently in Coming Months, Making it Difficult to Access Cash

Over 160 physical bank branch locations are shutting down permanently between now and the end of the lockdown period, which has been tentatively scheduled for late March 2021 in the UK.  As first reported by the Daily Mail, these bank branch closures will come as… Read More

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