The article says that “Big banks are temporarily closing branches across the nation as they cope with labor shortages and ongoing complications from Covid-19, including the arrival of the more contagious Omicron variant.” I don’t find this explanation to be compelling…what is going on?
Wells Fargo, Bank of America and other banks temporarily close hundreds of branches – L.A. Biz – NY Press News
Published by markskidmore
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.
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