US banks chopped almost 1500 branches in 2013 in an effort to offset sluggish revenue trends amid a slow-growth environment, according to data from SNL Financial.
On the other hand, according to FDIC figures quoted by TheFinancialBrand.com in its article The Myth of Branch Decline, “Reversing three years of declines, the number
of bank branches in the United States increased by more than 250 units in the 2013 FDIC reporting year." I don’t know who’s right and who’s wrong here.
© Finextra Research 2014