JPMorgan Chase Temporarily Closing 20% of Branches

The bank is closing 20% of branches and reducing staff in the ones that will remain open; they are the first of the major banks to announce widespread branch closures; many banks have been restricting travel and sending staff to work from home but this move is the first that will impact retail customers; the closures includes about 1,000 branches of the bank’s 4,976 branches; JPMorgan Chase did not share exactly which branches would be closed but noted that the remaining branches will be able to still serve communities. CNBC

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