Anchor Bank imitating the downward spiral of other US banks
In the unpredictable mood of the US and world economies in general, some banks are simply calling it quits. With no other recourse but to close down and fire employees, many people are fretting over the fact that in times like this, no employer is safe. No corporation is spared, and only bad things can happen.
Anchor Bank is a classic case. Just this month, it had to close more than two branches. Since the Anchor Bank isn’t that large as a moneyed entity, three branches is already a fatal blow. Nineteen people have been laid off; but as a redeeming feature, they’re giving these nineteen individuals a chance with any openings in the company.