"Bank analyst Nancy Bush says with businesses and consumers still focused on reducing debt, there…"

Saturday, January 14th, 2012 at 1:37 pm

Bank analyst Nancy Bush says with businesses and consumers still focused on reducing debt, there just is not the same need for financial services as a whole as there was before.

“And that’s why you’re seeing the banks respond to the present environment with layoffs, branch closures, etc.,” she says. “We just don’t need them anymore; it’s that simple.”



Layoffs Hit Wall Street As Financial Needs Change
– WNYC