April 21, 2016

SAY GOODBYE TO YOUR NEIGHBORHOOD BANK BRANCH: “As technology transforms banking, like it has so many other sectors, the consequence could be a dramatic decline in the industry’s outposts over the next decade, experts say…Former Barclays chief executive Antony Jenkins laid it out in particularly stark terms in a speech last fall: The global industry, under pressure to meet customer demands for automation and cheaper services, will slash employment and branches by 20 percent to 50 percent over the next decade, he estimated.”

But without low-wage local tellers, who will be there for the successors to Occupy Wall Street to harass?

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