At least 273 bank locations closed across the United States in May, while 46 opened that month. Many major banks have announced that they’re closing down branches in 2023, as more and more customers are making deposits via their phones or to keep tabs on their balances, all without leaving their homes. Others still rely on…
American Banks Closed 273 Branch Locations in May
June 30, 2023
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Yellen Says US Banks May Tighten Lending and Negate Need for More Rate Hikes
WASHINGTON—Treasury Secretary Janet Yellen said banks are likely to become more cautious and may tighten lending further in the wake of recent bank failures, possibly negating the need for further Federal Reserve interest rate hikes. Yellen said in a “Fareed Zakaria GPS” interview that policy actions to stem the systemic threat caused by last month’s…
FBI Seeks Public’s Help in Identifying San Diego Bank Robber
SAN DIEGO—Authorities are seeking the public’s help in identifying a suspected bank robber. Just before 4:45 p.m. Dec. 1, a lone suspect approached a teller in the U.S. Bank at 3201 University Avenue and passed a note instructing the teller to put money into a bag, according to the FBI’s San Diego office. After receiving…
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