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Foreign banks for years have been using technology that folds several communication and information-sharing capabilities into one platform. Now Citigroup and others here are showing interest because of the growing importance of digital in the pandemic.October 23
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The Connecticut company, which began reviewing its operations in January, said the effort gained momentum when the coronavirus pandemic hit.October 23
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The company will close nine branches over the next three months.October 23
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The company, which shuttered six locations in September, plans to close 14 more branches by the end of this year.October 22
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The company will close branches and cut jobs, with plans to reinvest some of the savings into digital enhancements.October 22
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The Cleveland company will exit indirect auto lending and close branches so it can devote more resources to mortgages, student loans and other relationship-driven, digital-friendly businesses.October 21
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The company will close eight locations, noting that customers have been quick to adopt digital channels during the coronavirus pandemic.October 19
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The North Carolina company had promised regulators not to close large numbers of branches until December. Meanwhile, vendor contracts, leases and other hurdles have made it hard to accelerate efforts to offset a sudden decline in revenue.October 15
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The Illinois company will shutter 17 locations, or about 15% of its branches, early next year.October 15
