1144 Banks Close, S&P Downgrades Bank Ratings

1144 Banks Close, S&P Downgrades Bank Ratings

1144 bank branches have been closed with the majority coming from Bank of America, PNC, US Bank, Wells Fargo, and JPMorgan Chase.

Shares of several banks have dropped following ratings downgrades due to multiple factors

The banking industry is undergoing a major shift which ties in with digital currency, ESG social credit scores and the Great Reset.

Charles Schwab plans to spend up to $500M on job cuts, office closures
https://seekingalpha.com/news/4004953-charles-schwab-plans-to-spend-up-to-500m-on-job-cuts-office-closures

Shares of US banks drop after S&P downgrades some ratings
https://www.reuters.com/business/finance/sp-downgrades-multiple-us-banks-citing-tough-operating-conditions-2023-08-22/

Bank of America exec insists customers will find new locations after 1,144 US bank branches abruptly close
https://www.the-sun.com/money/8903320/bank-of-america-executive-closures-openings-branches/amp/

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