Ben Eisen
speaker
1,467 appearances
35 recordings
1 series
first heard Jul 2017
last heard Nov 2024
Ben Eisen’s voice in public audio — every appearance, attributed to the second.
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Appearances
You have banks, when they open new branches these days, they aren't necessarily putting safe deposit boxes in them.
Some banks are telling customers they can't open new boxes.
And some are just saying altogether that they're shutting down these deposit boxes.
And then the other sort of broader theme that we're seeing here is that banks have been shutting branches for years now.
And when they shut branches, they shut safe deposit boxes.
Safe deposit boxes are something people generally think about when they think of what a bank looks like.
They are the little boxes.
They're inside a vault.
But no longer.
Banks have been stepping out of this business for a number of years now.
Some of them were doing this a decade ago.
Some of them have done it in the last few years or even the last year.
So you have banks when they open new branches these days, they aren't necessarily putting safe deposit boxes in them.
Some banks are telling customers they can't open new boxes.
And some are just saying altogether that they're shutting down these deposit boxes.
And then the other sort of broader theme that we're seeing here is that banks have been shutting branches for years now.
And when they shut branches, they shut safe deposit boxes and customers have to take their belongings out and put them elsewhere.
Banks will still have vaults for storing cash and other banking services, but they're not necessarily putting safe deposit boxes in them all the time.
Instead, what they're doing is they're creating more physical space for meetings and face-to-face interactions.
Because what they say is customers, they do a lot of their banking online.
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