People are visiting bank branches less frequently during the coronavirus pandemic. That could speed up some banks’ plans for shutting them down. Branch traffic fell more than 30% in April and the first three weeks of May compared with the same period last year, according to Novantas, a financial-services research firm. Teller transactions dropped 32% in March and April compared with the same period last year, Novantas said.

Source: Wall Street Journal June 07, 2020 12:00 UTC