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By Matthew Monks
AUG 24, 2010 6:00pm ET

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A Debate Reopens as More Branches Close

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Branches are poised to contract this year for the first time in nearly two decades, rekindling the debate about whether banks will remain anchored in bricks and mortar.

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What the Mortgage Settlement Means to Banks
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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover

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