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Online account-holders fled in roughly similar proportions to branch customers.
Salomon Smith Barney mutual funds have been sold to Citibank branch customers.
One is cannibalisation; about a fifth of CitiDirect's deposits, for instance, have come from its own branch customers.
A year after they were labelled a "ticking timebomb" by the City regulator, interest-only mortgages are set for a comeback after two leading banks said they would make "low start" deals available to branch customers.
This will allow Branch customers to track their apps' SEO.
RBS has resisted the temptation to try to convert traditional branch customers into cheaper, easier to serve online-only customers.
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In 2003, for example, it paid $48 billion for FleetBoston Financial, which gave it the most branches, customers and checking accounts of any United States bank.
Those in Provident and GreenPoint have risen by two-thirds or so over the past year.Alas, at the same time as investors' enthusiasm rises for banks that are putting ever more money into their branches, customers seem to be taking their dollars out. Deposits have stopped growing and may even be falling.
Nordstrom won't open any physical branches; customers will have to make deposits by mail and cash checks at its customer service department.
To enhance the backroom ambience, Bourbon & Branch assigns customers a password, to be spoken into an intercom, when they make a reservation.
"At a time when banks are trying to move away from the branch, Hispanic customers still require a softer touch," said Simon El Hage, director of strategic marketing at Lopez Negrete, a communications firm in Houston that has developed campaigns for Bank of America.
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