US banks switch to drive-through, ATMs to guard against coronavirus

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

Banks across the United States announced plans to close branches this week, switching many to drive-through and ATM operations only, as financial ...

Banks across the United States announced plans to close branches this week, switching many to drive-through and ATM operations only, as financial institutions work to keep going despite the coronavirus and widespread closures of schools and businesses.

Even if big cities were to issue more stringent"shelter in place" orders, bank sources said they expected ATMs and critical services, like trading and bank call lines, to keep operating. JPMorgan Chase said its branch closures would reduce the number of employees exposed to the virus. The remaining 4,000 branches are evenly spread across the country and most are outfitted with drive-through windows and glass that separates tellers from customers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MAS unveils US$60b swap facility with US FedTHE Monetary Authority of Singapore (MAS) on Thursday night announced a US$60 billion swap facility with the US Federal Reserve to ease the strain on businesses amid the virus fallout. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US senator sold stocks after suggesting US was prepared for coronavirusWASHINGTON (NYTIMES)- Senator Richard Burr sold hundreds of thousands of dollars' worth of stock in major companies last month as President Donald Trump and others in his party were still playing down the threat presented by the coronavirus outbreak and before the stock market's precipitous plunge.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

MAS announces US$60 billion swap facility with US Fed over coronavirus impactThe Monetary Authority of Singapore (MAS) announced on Thursday (Mar 19) the establishment of a US$60 billion swap facility with the US Federal ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

From Boeing to Tennessee whiskey, coronavirus US bailout requests top US$2 trillionAs the coronavirus pandemic threatens to bring U.S. economic activity to a halt, American businesses are jockeying for a financial lifeline from ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

MAS sets up US$60 billion swap facility with US Fed in coordinated central bank actionsSINGAPORE - The Monetary Authority of Singapore (MAS) announced on Thursday night (March 19) the establishment of a US$60 billion (S$86.5 billion) swap facility with the US Federal Reserve in coordinated cantral bank actions to alleviate ongoing strains in credit markets from the impact of the coronavirus outbreak.. Read more at straitstimes.com. Basically this swap will allow greenback liquidity in the system ? Any advantages for singapore ? Any disadvantages ?
Source: The Straits Times - 🏆 8. / 63 Read more »

Melania Trump to star in US coronavirus awareness adsLOS ANGELES (REUTERS) - First Lady Melania Trump will urge Americans to wash their hands and keep their distance from one another to fight the coronavirus in a new TV ad campaign produced with major US broadcast networks, the White House said on Wednesday (March 18).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »