What will happen to bank of america

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Business News. Bank of America to stop doing business with AR manufacturers. Home News. Twitter underwriter warns of "unattractive valuation" after hot stock. Traditional banks are under pressure from Silicon Valley to innovate. Related: Are Apple, Amazon and Facebook the future of banking? Shutting branches allows traditional banks to cut costs.

It's not just Bank of America shrinking its branch network. Wells Fargo still has 5, branches, but the bank shut more than branches last year. In January, Wells Fargo announced plans to pull the plug on another locations by The bank also agreed in June to sell all of its branches in Indiana, Michigan and Ohio. Big banks aren't giving up on branches entirely.