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Archives: February 2016
26 February 2016 - 17:30, by , in Industry Trends, No comments
Mobile is no longer optional for banks, a recent article by SNL article reports. Customers have become conditioned to mobile and omni-channel experiences from other industries and expect the same seamless, frictionless mobile and online experiences from their banks. In this way, banks are no longer just competing with credit unions and other banks – the pressure is being put on...
23 February 2016 - 17:00, by , in Industry Trends, No comments
Bank like a Retailer: the Wegmans Model of Expansion Wegmans is a regional Northeast grocery retailer best known for its larger-than-average stores, its happy employees, and its leagues of brand loyalists. In 2015, Wegmans won the number 1 spot in the Harris Poll’s Northeast Region Grocery Store Brand of the Year, beating out even the...
16 February 2016 - 1:25, by , in Industry Trends, No comments
(Requires SNL Subscription): “… 94,715 U.S. branches at June 30, down from 96,329 a year earlier. During the same period, deposits grew from about $9.4 trillion to more than $10 trillion.”
16 February 2016 - 1:25, by , in Industry Trends, No comments
“By being smart about its network of branches and ATMs, Bank of America BAC has reduced its annual expenses by $800 million while losing very few customers.”