Banks

Banks close record number of branches in 2021, led by Wells Fargo

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A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters U.S. banks closed a record number of retail branches in 2021 as customers increasingly turn to digital banking and the industry consolidates. On net, U.S. banks shuttered 2,927 branches last year, according to S&P Global Market … Read more

Senators snipe at each other in hearing for Biden bank regulator pick

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Nominee to be the Comptroller of the Currency Saule Omarova (R) speaks with an aide as she testifies before the Senate Banking, Housing and Urban Affairs Committee during a hearing on Capitol Hill in Washington, DC, on November 18, 2021. Jim Watson | AFP | Getty Images WASHINGTON — A nomination hearing for President Joe … Read more