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EU branching out: 20,000 bank outlets closed in EU since start of downturn
12.08.2013. | Banks in Europe have cut 5,500 branches in 2012, bringing the total number of outlets closed since the beginning of the credit crunch in 2008 to 20,000. To cut costs financial institutions are shrinking their bricks-and-mortar presence and going digital.
There is now one banking branch for every 2,300 people in the EU,......
