This week’s Wonders & Blunders covers encouraging news about small bank branch growth, a big change from the shrinking number of big bank branches we hear about, caused by mobile technology. Are small banks immune to the convenience of mobile, did big bank branches multiply too quickly, or is there another lesson to learn from this news?
Technology, specifically AI, is driving growth in Heartland cities such as Pittsburgh, transforming a fading factory town into a burgeoning high-tech center that pumps millions of dollars into the local economy.
Another looming change on the horizon is Warren Buffett’s inevitable departure from Berkshire Hathaway, which could cause a substantial shake-up in the financial industry. Here’s hoping we learn about the succession plan soon!