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UK Banks Shutter As Digital Banking Surges

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the research firm, has found that U.K. bank HSBC has closed more than a quarter of its branches in its hometown during the course of the last two years. According to a report , citing the research from Which?, the closures are part of 1,000 closures of bank branches in total for HSBC.

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New York Sees Most Bank Branch Closures In US

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The area encompasses New York City, its suburbs and parts of New Jersey, “a very dense urban market in most instances, so there’s a lot of potential duplication of bank branches,” said Walter Bialas, director of research at Jones Lang LaSalle , the world’s second-largest commercial real estate services firm. There was a 2.2

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Chase Initiative Sparks Debate Over ‘Bank Deserts’ And SMBs

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According to the publication, data from real estate services firm JLL has revealed a steady decline in bank branch closures since the financial crisis, leading to “bank deserts.” ” That rate of decline is accelerating, too, researchers found. dropped from 91,900 in 2016 t0 89,900 in 2017, a 2.2