Banks Shutting Down 2025. In some communities, neighborhood banks being forced to shutter their doors has caused significant damage to local economies and exacerbated existing financial inequities. Most central banks—including the federal reserve, european central bank and bank of england—started cutting rates only in the summer or autumn of 2024.
“ai’s overhyped reputation as a silver bullet to automate any task will come down to earth as banks start to see where ai can and cannot enhance operations. Martin lewis’ moneysavingexpert (mse) team has warned of at least 292 branch closures at three major banks throughout this year and the next, following new measures in.