This year will be a pretty bad year for most of us. But will it be the companies in the crypto industry or the bankers that will be hit hardest in this uncertain economic climate? Just four days after President Trump declared a national emergency in the United States, Wells Fargo announced the closure of two of its offices in North Carolina.
Wells Fargo unveiled plans to close two more North Carolina bank branches
Maegan Lewis said the closings were not easy decisions or something they had taken lightly. Wells Fargo is not only the fourth largest bank in the United States, but also one of the largest in the state of North Carolina. The bank hit the crypto headlines last year when the bank tweeted that it did not allow cryptocurrency-related transactions.
A trend that will continue
With more and more banks beginning to temporarily close branches or offering limited services amid the coronavirus outbreak, the trend of online banking is unlikely to reverse anytime soon.
In fact, Wells Fargo isn't the only U.S. bank to cut two of its branches in that state. Bank of America Corp. based in Charlotte, has informed regulators that it will close one of its Greensboro stores.