Michael Mayo, a banking analyst at CLSA, says banks will close 10,000 branches in the next several years as customers accept mobile banking. Prior to that, Ed Morse, Citigroup's global head of commodities research, says OPEC needs to prolong cuts because of the oil glut. Finally, John Herrmann, a rate strategist at Mitsubishi UFJ, says the market is pricing in too low of a chance that there will be a Fed rate hike in March.

<p>Michael Mayo, a banking analyst at CLSA, says banks will close 10,000 branches in the next several years as customers accept mobile banking. Prior to that, Ed Morse, Citigroup's global head of commodities research, says OPEC needs to prolong cuts because of the oil glut. Finally, John Herrmann, a rate strategist at Mitsubishi UFJ, says the market is pricing in too low of a chance that there will be a Fed rate hike in March.</p>

The economy and the markets are "under surveillance" as we cover the latest in finance, economics and investment. Listen to Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern for the top interviews from Bloomberg Surveillance Television. And join Tom Keene and Paul Sweeney for the best conversations from Bloomberg Surveillance Radio. Watch Surveillance TV LIVE each mornings: http://bit.ly/3P7nstQ. Watch Surveillance Radio LIVE weekday mornings: http://bit.ly/3vTiACF. 

<p>The economy and the markets are "under surveillance" as we cover the latest in finance, economics and investment. Listen to Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern for the top interviews from Bloomberg Surveillance Television. And join Tom Keene and Paul Sweeney for the best conversations from Bloomberg Surveillance Radio. Watch Surveillance TV LIVE each mornings: <a href="http://bit.ly/3P7nstQ" data-destination="rte:bind">http://bit.ly/3P7nstQ</a>. Watch Surveillance Radio LIVE weekday mornings: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>. </p>

Tom Keene and Paul Sweeney have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment.

Bloomberg Surveillance

Banks Will Close 10,000 Branches in Coming Years, Mayo Says

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/492e7f6f-04ea-4320-88b4-ae2700c08a1f/transcript

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