National / International News
For this weekend, we recommend pieces that touch on what's happened to some of the prisoners released from Guantanamo and an essay from one of India's few foreign correspondents.
The denomination held a summit in Nashville, Tenn., this week to consider how the Gospel speaks to race relations. It wasn't easy, and moving from words to actions may be a challenge.
The case was the highest-profile gender discrimination case to come out of Silicon Valley. Pao had sued her former employers for $16 million in damages.
If you see a vacant building for lease in the neighborhood, chances are there was a bank there at one point. We’re seeing it at financial institutions big and small — from Citigroup, now operating in fewer cities, to FirstMerit, which is closing 16 branches in four states.
Between direct deposits and ATM’s, walking into a bank isn’t something a lot of people do anymore. Loans are now more by-the-numbers.
Charles Kahn, who teaches finance at the University of Illinois, says it makes sense that banks are closing branches to cut costs — specifically real estate and personnel. Also, Kahn says banks have a lot more competition, from credit card companies and brokerage firms, for instance.
What’s lost with a branch closing? A lot of hand-holding for people who find banking confusing, says Paul Noring, managing director in the Financial Risk Management practice at Navigant, a consulting firm. Noring says, a branch is like an ad.
"Branches are the best way that banks can still reflect their brand with their customers," Noring says.
Still, for most customers, says Ross Levine professor of banking and finance at the Haas School of Business at University of California, Berkeley, it’ll just be an inconvenience.