Major U.S. banks set to close 1,000 branches this year, with Bank of America leading the closures.
MAJOR US BANKS ON COURSE TO CLOSE A STAGGERING 1,000 BRANCHES THIS YEAR: HERE'S THE FULL LIST SO FAR (Daily Mail)
US banks closed more than 700 branches in the first nine months of the year, forcing thousands to travel further to access vital services.
Bank of America closed… pic.twitter.com/Ci7jEBkDCO
— FXHedge (@Fxhedgers) October 17, 2024
I'm betting against Druckenmiller here short to medium term. Not sure I even agree with him long term. I hope he's right, try to understand the implications if he's right. Every piece of real estate in the US takes a 50%+ haircut. Some markets 70%+pic.twitter.com/bKoZAxSY6d
— Darth Powell (@VladTheInflator) October 16, 2024
I’ve never seen a situation where the market soared as more and more people suffer economically.
The misery index is off the charts.
Something is just off about all of it. Usually when the economy is strong everyone is prospering.
That’s just not the case this time.
— QE Infinity (@StealthQE4) October 17, 2024
Tanked: The Financial Crisis Is Still With Us
Every month, rise or shine, the Federal Reserve Bank, an institution that most Americans believe is a branch of government or a federally run central bank, has one of its computers add $55 billion—that’s dollars with a B—to its ledger and balance sheet.
h/t ChampionshipUsed9855