Banks filed to close 30 branch last week, according to new data

American banks filed to close 30 branches last week leaving yet more households without access to basic financial services.

Wells Fargo shuttered twelve locations while Bank of America axed five, according to a weekly bulletin published by regulator the Office of Comtroller of the Currency.

Meanwhile Citizens Bank shut down four branches between December 3 and 9. Chase, Webster, Key Bank, Bank First and First National Bank of Waverly also announced a raft of closures.

Wells Fargo shutters TWELVE branches in a week while Bank of America axes five amid ‘banking bloodbath’ – is YOUR local on the chopping block?

Banks filed to close 30 branch last week, according to new data

American banks filed to close 30 branches last week leaving yet more households without access to basic financial services.

Wells Fargo shuttered twelve locations while Bank of America axed five, according to a weekly bulletin published by regulator the Office of Comtroller of the Currency.

Meanwhile Citizens Bank shut down four branches between December 3 and 9. Chase, Webster, Key Bank, Bank First and First National Bank of Waverly also announced a raft of closures.

The figures come amidst a widespread ‘banking bloodbath’ which saw firms ax more than 1,000 branches in the first seven months of the year.

Of the latest round of Wells Fargo closures, two were based in Florida, two in New Jersey and two in Texas. Others to be affected were located in California, DC, Georgia, Iowa, Virginia and Washington.

www.dailymail.co.uk/yourmoney/banks/article-12868897/wells-fargo-branches-bank-america-chase.html

Is the banking crisis finally showing its ugly head?