Falling profits and tighter margins will prompt banks to close 5,000 branches nationwide in the...

|By:, SA News Editor

Falling profits and tighter margins will prompt banks to close 5,000 branches nationwide in the next 18 months, says Meredith Whitney, or roughly 6% of the country's branches. As many as 41M U.S. households won't have access to banking services, up from 30M last year.