"Major Banks Are Closing Hundreds Of Branches As Mass Layoffs Signal Collapse"

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The Atlantis Report, 11/1/23

"Major Banks Are Closing Hundreds Of 

Branches As Mass Layoffs Signal Collapse"

"The closure of a large number of branches by major United States banks is raising red flags. Many experts are viewing it as a foreboding indication of a looming financial crisis. In a bid to brace for the upcoming financial crisis, banks are not only shutting branches but also laying off thousands of employees. This comes as the response to mounting pressures due to factors such as record high interest rates and turbulence in the real estate market, which is leading major financial institutions like JP Morgan, Wells Fargo, and Goldman Sachs to report substantial losses. This is a huge concern among economists and they are anticipating a collapse in the economy. The reason they are reducing their physical footprint is that there will be mass withdrawals and decreased physical visits. This sets us up for a very dark winter ahead as more and more banks will face collapse."

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