Reader:
Mass Layoffs To Hit Banking Industry As Consumers Ditch Big Box
Banking
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The days of big banks are done. Million dollar
buildings that double as empty fortresses will soon be empty, or
conveniently turned into FEMA holding centers when the collapse hits.
The tide is turning and the banks know it. Mass
layoffs have been announced by almost every major institution in the
world and this is just the beginning. Unfortunately small town America
will be hit the hardest as some of these jobs are the highest paying in
the household. Also taking a major hit will be Charlotte, NC, the
banking center of the US, where Wells Fargo has over 22,000 employees,
Bank Of America 15,000 and most major banks have a presence. Be on the
lookout for some great real estate deals in Charlotte soon.
Bank have many problems. They have over expanded
at a rate that doesn’t support demand, consumers don’t trust them, the
average american has no savings, there has been a drastic shift to online banking,
and probably the most important, they lack innovation. But don’t worry,
Capital One is here to change the game with their roll-out of 360
internet cafes according to a recent article in Boston.com:
They will serve up coffee and other amenities.
If they are anything like cafes in other cities, they will include free
wireless Internet access, flat-screen televisions, and comfy furniture
for hanging out.
“It’s a departure from the traditional banking experience that people have come to know,” said spokeswoman Amanda Landers.
Capital One’s cafes, already operating in eight
cities, don’t have tellers to handle deposits and withdrawals, bankers
to handle loans, or safe-deposit boxes to store valuables. They’re
designed to introduce consumers to its online bank.
Instead of handling cash, employees at the
existing cafes serve up espresso, sandwiches, and advice, helping
customers set up online accounts and learn about the bank’s services. If
customers want to make a deposit, Capital One employees hand them
pre-addressed, stamped envelopes to mail deposits to the bank or help
them download smart phone apps to deposit checks electronically.
As more customers bank via the Internet, mobile devices, and ATMs, many banks are reinventing their branches.
Bank of America plans to open at least a dozen
so-called flagship branches, including one in Boston, with a “power bar”
to plug-in gadgets and a wider assortment of specialists in lending,
investing, and private banking.
http://thomasdishaw.com/mass-layoffs-to-hit-banking-industry-as-consumers-ditch-big-box-banking/
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1 comment:
In an old Craftsman style house, left on the grounds within the original 55 acres of
Disneyland, California, behind 'It's A Small World' attraction circa 1970,
I joined as a founding member with other fellow employees,
our newly launched 'Disneyland Employees Credit Union'.
My husband and I both are among the first members who joined early on as indicated
by our short account numbers.
In keeping with the high ideals and traditional Disney values, it could
not have been a better fit or more pleasant relationship.
It still is, over forty years later, a most friendly way to 'bank'.
Unfortunately, I cannot remember when we became 'Federal', only that
it required a 'name change' to 'Partners' (Federal) credit union.
That, has never set right with me to this day.
Even though there have been building moves throughout the years,
the atmosphere and quality of service has remained up to my standards.
I would simply not entertain the thought of banking elsewhere.
Now looking back at the transition with new perspective, I sense that
something simple may have been subtracted, by the cartel perhaps ?
No matter, because the essence of community remains between the members
and the employees that serve them. And that's what counts.
I'm sure the credit union keeps up with the latest technologies for
the sake of the times and purposes of those at the 'top'.
How they will function in the future remains unknown,
and yet I am confident any changes will be positive in spite of
the intertwined influences going on in global finance.
The globalists should heed, one of, if not the most important
cornerstones of Walt Disney's guiding principles
that he knew and well understood,
'It Takes People'....
nothing exists without them*
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