Banks adapt to coronavirus threat with drive-through options, appointments
Fed to work with global banks to stabilize US dollar
The Federal Reserve announces it will be working with other central banks around the world on a daily basis to stabilize the U.S. dollar as the global currency. FOX Business’ Edward Lawrence with more.
Banks around the country are adapting to the coronavirus pandemic by asking patrons to make appointments, going drive-through only and even closing down locations as they continue to operate.
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Pittsburgh-based PNC Bank, which mainly has locations on the East Coast, closed about one quarter of its locations on Friday. PNC Bank wants as many of its locations to operate in drive-up only mode as possible.
PNC CEO Bill Demchak assured customers the bank has the "capital and liquidity to continue to meet the needs of our entire customer base" in a statement.
|PNC||PNC FINL SVC||89.49||-2.93||-3.17%|
|JPM||JP MORGAN CHASE & CO.||83.50||-1.80||-2.11%|
California and Illinois are currently under shelter-in-place orders calling for residents to stay indoors barring a specific, justifiable reason during extenuating circumstances. Shelter-in-place orders vary from place to place, and in California trips to the bank are not barred but are discouraged.
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On Thursday, Chase temporarily closed about 20% of branches.