Why are there banks in all the new buildings?

Often they are the first or only thing there. You’d think with all the rationalisation with Japanese banks that they’d be cutting down on the number of branches.

Actually, I think the mergers and rationalisations of Japanese banks might be the reason. They are finally closing the branches which are two doors down from the other branch of the same bank (because it used to be a different bank before they merged), and in typical Japanese style that isn’t actually leading to any redundancies, so I guess they have to stick them somewhere else. The charges for using cashpoints and the number of old people with huge savings also can’t make it difficult to make money out of them.

2 Comments

  1. March 11, 2011 at 2:51 am

    Thought you were writing about my city for a moment there. :p (Why ARE there banks in all the new shopping centers? One [older] shopping center near me now has FOUR banks in it, at the last count. One answer is that the building owners like banks because they don’t generate waste and so on like restaurants do, but still, how can we support so many banks?!)

  2. alexcase said,

    March 12, 2011 at 6:13 am

    Good point, certainly not just Japan. In Korea it was even worse. A bright new shiny housing development that would seem to offer at least the chance of another Starbucks nearby, but it was almost always just another bank, plus maybe an estate agent, at least for the first month or so


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