- American Express Profit Falls by WSJ. Not surprised that American Express is feeling the squeeze, every card issuer is going after the premium card market space at the moment and that’s something they have traditionally dominated.
- Wells Fargo to Close 450 Branches by Motley Fool. Will still be the largest bank by branch count, but it’s a significant cut.
- (Targeted?) Upgrade offer for Citi Premier by Windbag Miles. Not worth possibly resetting your 24 month clock in my opinion for an upgrade with no bonus.
- TravelZoo Trying To Sell Priority Pass Memberships. Given how common these memberships are for premium credit cards are I’d be surprised if any readers actually need one (and even if you did I wouldn’t recommend one even at those prices as they don’t include unlimited visits like the card.
Right next to my neighborhood there are two Wells Fargo branches that are exactly 0.8 miles down the road from each other. This obviously happened because of buyouts/mergers (I think one of them was a Wachovia), but still, they’ve both been open as WF for several years now. I assume one of them has to be one of the 450 branches that will be closing.
Nah, they will lose the most number of branches to..
(drumroll)
your local credit union
The credit union co-op network has 5400+ branches.
Wells Fargo doesn’t have any branches, they only have Stores!
I’ve heard they store coffee beans there, but my local credit union has a better selection and variety of coffee creamers that neither WF nor Chase has been bothered to match yet.
Exactly. Wells Fargo referring their financial centers as “stores” instead of “branches” because they are very aggressive on sales. Every time I step in their stores I feel the car dealer vibe as everyone I talk to try to sell me something.
the difference, apparently, is WF succeeds in making the sale!..one way or another!…if you know what i mean!