Filed under: Industry, Competitive strategy, Starbucks (SBUX), Financial Crisis
Interesting article from the Associated Press this morning, taking a look at how fast banks expanded during the past five years. The article states that banks added more than 10,000 full-service branches in the past five years, with nary a bank in the inner city (actually, one of each 10 was in a minority neighborhood).
The banks were “racing” to plant themselves in various parts of the country deemed exclusive or growing. The problem that the article looks at is the dearth of banks located in inner-city locations, which could lead to more charges for customers. This is a very real problem, and warrants the discussion; however, I want to take a look at the problem of overexpansion for the banking industry.
Continue reading Can banks resist the urge to overexpand?
Can banks resist the urge to overexpand? originally appeared on BloggingStocks on Mon, 17 Aug 2009 12:00:00 EST. Please see our terms for use of feeds.
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