Bank of America Corp said on Friday that more than half of its branch network wi...
- Bank of America Corp said on Friday that more than half of its branch network will be modernized over the next three years to respond to changing consumer behavior.
“We have been very encouraged by the initial results of our center redesigns and expansions,” Aron Levine, head of Consumer Banking & Investments for Bank of America told Reuters. “This work has enabled us to have more in-depth conversations with our clients about their financial plans and priorities.”
The percentage of customers who prefer to make their transactions in brick and mortar banks fell to 26 percent from 38 percent in 2016, according to a study published this year by consulting firm McKinsey. However, the firm found that banks that closed a significant number of branches must rely more heavily on advertising to win market share.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
5 things JPMorgan CEO Jamie Dimon is worried about for America and his bankThe U.S. economy ‘fairly healthy,’ just not as healthy as last year and the risks of recession might be increasing, JPMorgan Chase Chief Executive Jamie...
और पढो »
Bank of America CEO Brian Moynihan says US economy is strong and growingMoynihan spoke with CNBC ahead of the Consumer Bankers Association's annual conference.
और पढो »
First Abu Dhabi Bank, Abu Dhabi Islamic Bank deny merger talksAbu Dhabi Islamic Bank and First Abu Dhabi Bank denied on Thursday they were in ...
और पढो »
ECB will ask Deutsche Bank to raise fresh funds for merger: sourceThe European Central Bank will ask Deutsche Bank to raise fresh funds before it ...
और पढो »
Kashkari says yield curve shows Fed may have gone too farMinneapolis Federal Reserve Bank President Neel Kashkari said on Friday that the...
और पढो »
Irish central bank warns Brexit not the only risk to economyIreland's central bank warned on Friday that Brexit is not the only risk to...
और पढो »
BANK OF AMERICA: The stocks outshining the market's powerful rally are poised for a sharp reversal — but there's a way to avoid the losses aheadBank of America's analysts provide a trading recommendation to profit from a negative turnaround in some of the market's best-performing stocks.
और पढो »
JP Morgan Chase is the largest bank in America. Here's how it got thereFrom the railroad and steel consolidations brokered by John Pierpont Morgan on Wall Street more than a century ago, to the financial crisis, and Jamie Dimon's leadership, J.P. Morgan Chase has been at the center of finance for more than a century.
और पढो »
Bank of America says it will make $5 billion in mortgages to low and moderate income borrowersThe announcement is the latest move by a big U.S. bank aimed at helping under-served communities.
और पढो »