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| Economy |
| Bank of America planning to cut 10 pct of branches |
| 2009-07-28 |
 AP story sez Bank of America's CEO, Ken Lewis, has said he's planning on shrinking the bank's 6100 branches by ten percent, citing a Wall Street Journal story. Liam McGee, president of BoA's consumer and small business bank, blames people's preference shift to online and mobile banking. |
| Posted by:Fred |
| #2 Bank of America has too damn many branches, if what I saw in Jersey was any sample. Every third traffic light in some parts of central Jersey features a Bank of America branch with an empty-looking parking lot outside. |
| Posted by: Mitch H. 2009-07-28 18:10 |
| #1 No McGee, BoA is full of crooks and incompetents so you lose customers to other banks who also offer online banking. They auto enrolled me in one of their programs and hustled me out of $150, but lost a customer for life. They can go stick it up their ass, the sooner that zombie dies the sooner smaller banks can take their artificially inflated territory and start doing some good work. |
| Posted by: swksvolFF 2009-07-28 16:49 |