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The move followed an announcement that GMAC was closing branch offices and cutting 930 jobs in its auto financing unit to save money.
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Public libraries closing branches and cutting hours?
Banks have begun merging and closing branches.
We will do all this without closing branches," he added.
The government responded by freezing bank accounts and closing branches.
Banks are closing branches across the country due to the rise of online banking.
Mr. Cabiallavata pushed through a grueling cutback, closing branches and getting rid of many executives.
Banks and building societies are closing branches and increasingly dealing with customers by telephone.
And every other chain, from Carluccio's to Byron, seems to be feverishly closing branches or renegotiating rents.
The banks are also closing branches, laying off workers and taking a more aggressive stance with delinquent borrowers.
The company, based in Frankfurt, has been shedding 2,600 jobs and closing branches to trim costs as revenue declined.
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