Banks to close 5,000 branches by 2012: analystWhitney, CEO of Meredith Whitney Advisory Group LLC, said that reduced consumer and corporate appetite to borrow, mixed with new regulations, have permanently changed what was once a key source of industry profits. In turn, banks will be forced to shutter some of their branches. There were 83,320 U.S. commercial bank branches at the end of last year. "We believe the banking industry will simply no longer be able to service upwards of 10 percent of their current customer base," Whitney said. Banks' average loan-to-deposit ratios...==================================================
WorldNetDaily Exclusive'Let's get the terror out of the airports!' Congress is responding to pressure, so turn it up, says Farah--WND
Civil unrest and riots feared as Ireland’s bank crisis worsens
Irish PM is forced to agree to dissolve government
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