E2059: Did You Notice America's Banks Are Closing!! 3/24/25

Major U.S. banks, including Chase, Bank of America, and Wells Fargo, have closed 145 branches in five weeks, signaling a shift towards digital services. From February 7 to March 14, banks reported closures to the Office of the Comptroller of the Currency. Flagstar Bank led with 44 closures, followed by TD Bank with 38. Bank of America added nine closures, totaling 168 in 2024. This trend highlights decreasing reliance on physical branches as customer preferences evolve.