Posted by LynnNC on 7/28/09 3:31pm Msg #297748
Bank of America to cut branches
Bank of America (BAC) will soon cut about 10% of its 6,100 branches across the country, The Wall Street Journal reported this morning.
Liam McGee, president of Bank of America's consumer and small-business bank, said that "shifting consumer preferences were behind the closures. As more people bank online and through their cell phones, fewer physical branches are needed, the report said. "
*** How does one bank through their cell phone?
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