Analyst Whitney predicts U.S. banks will close 5,000 branches

11/23/2010 | Bloomberg

As profit shrinks and loan demand falls during the next 18 months, U.S. banks will close 5,000 branches, analyst Meredith Whitney said in a report. "The most regrettable unintended consequence of some of the quickly written regulatory reform, we believe, will be the inevitable 'debanking' of the U.S. financial system," she said.

View Full Article in:

Bloomberg

Published in Brief: