bank of america closing branches

Bank Of America

The Bank of America  & it plans to close up to 10% of its branches to reduce the expenses & conduct better banking.

The  Bank of America is one of the biggest recipients of government bailout money & it has 6,100 branches

Analytic said that only by closing the branches might save same cash but may not necessarily reduce customers’ access. Bank of America had experienced troubled mortgage lender and also in investment bank.

P.S - The shares of Bank of America also rose from mere 11 cents to a great $13.20 in morning trading

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