Bank of America Closing Branches

by Jordan Yerman | July 28, 2009 at 01:20 pm

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Bank of America is closing up to 10% of its 6100 branches. BofA, the USA's largest bank, had been expanding for years, taking over smaller consumer banks as well as higher-level investment firms, and is now cutting back its operating costs as more and more customers use online tools for day-to-day banking.

Such a move would represent a retrenchment for the giant bank, which over the last two decades has expanded aggressively, giving it coast-to-coast reach.

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