Branch, stop – one, two // The US and Europe are tired of the mass closures of bank offices
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At the end of last year, the pace of bank branch closures in the United States slowed significantly. If in 2021 banks cut a total of about 2,900 offices across the country, then in 2023 – 1,400. Many experts have started talking about the possible end of a long-term trend in which banks are cutting down their offices by the thousands, transferring clients to digital services. In Europe, years of widespread closures of bank branches have attracted the attention of regulators, who have stepped up control to ensure that banks, in pursuit of optimization, do not limit people from obtaining necessary financial services and access to cash.
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