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NEW YORK CNNMoney -- The vast Wells Fargo branch network is shrinking.Wells Fargo announced plans on Friday to shut down more than 400 bank branches by the end of 2018. That s on top of the 84 locations it pulled the plug on in 2016.The acceleration of branch closures at Wells Fargo is a reflection of Americans preference for online and mobile banking these days. Unlike Wells Fargo, its chief rivals Bank of America and JPMorgan Chase have been a lot more aggressive in [url=https://www.cup-stanley.at]stanley cup becher[/url] shutting branches in recent years.Wells Fargo said the new branch closures haven t been fueled by the bank s fake account scandal.However, Wall Street analysts do see a link. Not only does Wells Fargo face rising legal and compliance costs to clean up the mess, but its branches aren t likely to be the profit engines they once were.Wells Fargo has eliminated the unrealistic sales goals that led to the bad behavior and its account openings have declined dramatically in recent months.UBS analyst Saul Martinez wrote [url=https://www.cups-stanley.de]stanley becher[/url] in a report published Friday that he had long expected the scandal was likely to be a catalyst for a more aggressive focus on expenses. No matter the cause, Wells Fargo isn t signaling widespread layoffs of bankers, tellers and other branch employees. The bank said that many of the 200 closures it anticipates this year will be in close proximity to other locations it owns and many of the employees can be transferred to nearby branches.In 2018, Wells Fargo pla [url=https://www.stanley-stanley-cup.us]stanley quencher[/url] ns to shut down slightly more than 200 b

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