The title of the post forced me over thinking about people who trusted those banks and deposited their hard earned money. Anyways, informative blog indeed and feeling bad that bankers are cooked!
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The title of the post forced me over thinking about people who trusted those banks and deposited their hard earned money. Anyways, informative blog indeed and feeling bad that bankers are cooked!
They didnt lose their money. These are just branches. Plus in the US, the FDIC insures all deposits up to a certain amount (I think $300K).
So nobody lost, other them employees losing their jobs.
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Well, I'm glad that customers didn’t suffer for shutting down those branches. Thanks sir for ensure this matter.