Banks have opened record short futures position on S&P 500; Major U.S. banks set to close 1,000 branches this year

Banks have opened record short futures position on S&P 500; Major U.S. banks set to close 1,000 branches this year

Major U.S. banks set to close 1,000 branches this year, with Bank of America leading the closures.

Every month, rise or shine, the Federal Reserve Bank, an institution that most Americans believe is a branch of government or a federally run central bank, has one of its computers add $55 billion—that’s dollars with a B—to its ledger and balance sheet.

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