Tuesday, July 28, 2009
Bank of America Closing Branches You Never Went to Anyway
Remember the last time you set foot in a real brick-and-mortar bank? Me either. And we’re not the only ones. With more and more people managing their financial affairs via PC and mobile device, a bank’s retail presence no longer need be as ubiquitous as it once was. The latest institution to realize this–Bank of America, which, according to The Wall Street Journal, plans to close up to 10 percent of its 6,100 branches across the country over the next three-to-five years.
Ireland’s “Celtic Tiger” is looking more and more like Bloom County’s Bill the Cat these days and Dell’s decision to shutter its plant in the Irish city of Limerick certainly won’t improve matters. According to report by Forfas, the country’s policy advisory body for enterprise and science, the closure will cost the region almost 9,500 jobs–nearly four times the 2,510 that will be lost by the closure itself. 
