Ever since Chase snapped up WaMu’s assets, the fate of the bank’s 148 storefronts in New York City has hung in limbo. Now, the plot thickens.

It turns out that Chase has to turn over those Washington Mutual branches it doesn’t want to the Federal Deposit Insurance Corporation. That’s right, the F.D.I.C. will become Read More

The apocalyptically minded once foretold a Manhattan lined with virtually nothing but banks. Chase banks. Citibanks. Astoria Federal Savings. That their dire predictions only came partially true (rather than entirely true) we can attribute, at least partly, to the credit crisis.

But it isn’t mom-and-pops that are swooping in to fill the vacuum.

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