URGENT READ: US Banks Go Digital.

[Luigi1]

Here's an article of Dinarian interests...

The last hurdle holding up the GCR & the RV is the US.

US banks going digital will move the process forward.

Read the headlines highlighted in RED.

Google headline tiles in each item to bring up full story.

Treat as a rumor.  Npot verified.  Your opine.

 

 

 

FROM OTHER SOURSES:                                 Major U.S. Banks To Close Hundreds Of Branches Nationwide As Banking Shifts To Digital Platforms.

ARTICLE:  JPMorgan, Chase, Wells Fargo, the largest banks in America, has decided to close nearly 160 branches across the US.

 

Disruption for Chase Bank Customers.

The closures are causing significant inconveniences and disruptions for Chase Bank customers who rely on the services provided by human bank tellers and other professionals.

 

-Automated Customer Service Helplines.

Services previously handled by human staff in these now-closed branches have been replaced by automated customer service helplines.

 

-Impact on Twenty States.

Twenty states across the country will be impacted by the closures, with varying numbers of branches shutting down in each state.

 

-California’s Hardest Hit.

California is the most severely affected state, with a total of 46 Chase Bank branches closing by the end of the year.

 

Nationwide Trend of Bank Closures.

JPMorgan Chase is not alone in this trend, as other major banks like Bank of America, Wells Fargo, and Citibank are also shutting down hundreds of branches.

 

-Reduction in Bank Branches Over the Years.

Data from the Federal Deposit Insurance Corporation reveals that the number of bank branches in the U.S. has halved from approximately 8,000 in 2000 to 4,000 in 2022.

-Wells Fargo’s Digital Shift.

Wells Fargo, having closed 61 branches so far, attributes the closures to customers increasingly using digital banking for their transactions.  Over 200 branches closed already.

 

-Citigroup’s Focus on Wealth Management.

Citigroup, the parent company of Citibank, is closing branches globally as part of a strategic shift to focus on wealth management and affluent clients.

-Big Banks’ Changing Strategies.

The closures reflect a broader shift in the banking industry towards digital capabilities, changing customer needs, and a focus on wealth management.

 

-Bank Closures & Economic Concerns.

The closures raise questions about the health of the banking industry, with some suggesting potential risks & economic implications.  It's not just going digital...it's also the sad state of the US economy.

 

-Downgraded Credit Ratings of Major U.S. Banks.

Major U.S. banks are facing downgraded credit ratings, indicating challenges and uncertainties within the financial sector.

 

-Widespread Banking System Issues.

Reports of banking system disruptions and outages highlight the risks associated with relying heavily on electronic banking.  Major U.S. banks are facing downgraded credit ratings, indicating challenges and uncertainties within the financial sector.

 

-Job Losses in the Banking Sector.

The closure of branches is accompanied by significant job losses in the banking sector, contributing to economic shifts and challenges in the job market.

 

 

[Luigi1]

Here's an article of Dinarian interests...JPM-Chase just announced massive 160 bank branch closures due to belt tightening & now just announces 500 new bank branches are openings...

where are they getting this newfound wealth from, all the sudden?   What's going on?

 

 

From Other Sources:             JPMorgan To Open More Than 500 New Bank Branches Over Next Three Years.

ARTICLE: JPMorgan Chase said on Tuesday it was embarking on one of its most aggressive bank branch expansions in recent years, with plans to add more than 500 new U.S. locations by 2027 to broaden its footprint in areas where it is under-represented.

 

The multi-billion dollar investment will see it open new branches in places including Boston, Charlotte, the area surrounding Washington D.C., Minneapolis & Philadelphia, the bank said.

It did not specify the exact amount of the investment.

 

JPMorgan’s aggressive expansion strategy comes as some other lenders have been shrinking their presence.  The number of active branches in the U.S. totaled 77,690 after 123 closures & 80 openings in the month of October, according to S&P Global Market Intelligence.

[Luigi1]

Here's another article of Dinarian interests...it's all about timing...

 

 

Sandy Ingram:                  The CBI must carefully manage the timing of revaluation.

ARTICLE: Iraq has over $100 billion in foreign currency reserves.  The IMF has continually said Iraq needs more income streams to offset the oil industry.  The Development Road Project & several other manufacturing projects are all a part of increasing Iraq’s income streams.

[hspotman]

Question, and probably a stupid one, but if they are closing many banks across the US, will we then have to drive a lot further(maybe) to exchange our dinars if this finally happens? Who the hell really knows if and/or when this will pop...but if the bank we had wanted to exchange at is now closed, will we then have to go to a bank we didn't want to go to, or drive hundreds of miles possibly to find our prefered bank?

 

But I'm also sure that if this rv is legit, and banks are closing, maybe exchange places like DT(that used to be at airports) will open back up again. Who the hell knows with this thing anymore?!?!!

 

 

Edited February 8 by hspotman

[Luigi1]

25 minutes ago, hspotman said:

Question, and probably a stupid one, but if they are closing many banks across the US, will we then have to drive a lot further(maybe) to exchange our dinars if this finally happens? Who the hell really knows if and/or when this will pop...but if the bank we had wanted to exchange at is now closed, will we then have to go to a bank we didn't want to go to, or drive hundreds of miles possibly to find our prefered bank?

 

But I'm also sure that if this rv is legit, and banks are closing, maybe exchange places like DT(that used to be at airports) will open back up again. Who the hell knows with this thing anymore?!?!!

 

 

 

I plan to drive over 600 miles to Charlotte to find a major main bank with it's own  De La Rue currency sorting machine where my Dinars will be verified & counted right before my very eyes.

 

I will have peace of mind knowing I have eliminated one weaker link in the system.

I will also take a witness with me.  Two minds & set of eyeballs are better than one.

 

The alternative is to put your trust in someone that'll do the right thing, send your Dinars off to be verified & safely returned to you.

 

Do your own diligence & trust nobody. 

Assume everyone is out to get you & you'll be OK.

Remember, you are going to be excited, elated & vulnerable for exploitation & the sharks will be cirling the waters smelling blood.

All it takes is to let your guard down for a second & you will become a statistic.   IMHO.

[Sage449]

Wee-Gee, read where closures been on going for sometime due to over saturation of bank branches etc. At one time here locally there was a bank branch in the Kroegers grocery stores, K-Mart, Walmart etc. Think the banks priced themselves out with so many branches and little offices. Sounds like were over 85,000 at one time, and lot were in upper crust or high volume shopping neighborhoods.  Guess their time come n gone now.

BTW like bringing a 2nd set of eyes for the counting. Best no cost advice in a long time. Thx 🙂

Edited February 8 by Sage449
Spellcheck

[Artitech]

Do not give your IQD to anyone except a banker to count right in front of you! Never let your IQD out of your possession! Only go to the bank of your choice preferably a bank that you already have a relationship with! JMHO! Case Closed! 🤠

[hspotman]

All valid arguments. The only issue is the 'IF' and 'WHEN' now.....stressing more on the "IF" lately.