Monday, June 6, 2011

Noted

Dave on 7th notes a crucial new business opening along Broadway at Eighth Street...


Formerly home to stores such as Benetton ...
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12 comments:

  1. AnonymousJune 6, 2011 at 9:04 AM

    Why the proliferation of banks? With so many people using online banking, you'd think brick and mortar banks would be less in demand, not MORE.

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  2. blue glassJune 6, 2011 at 10:02 AM

    hey have to spnd all that government money - god forbid they reduce rates/fees

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  3. KurtJune 6, 2011 at 10:34 AM

    From a 5 year old NY Times article.
    "Banks view their branches as gold mines, not costs. Their checking accounts can generate a steady stream of fee income. Their tellers can sign customers up for new products, spurring overall sales. All the while, branches can collect millions in cheap deposits that can be lent out at higher rates. Even as they offer options like online banking and kiosks in convenience stores, banks still hope to lure customers inside a physical branch."

    http://www.nytimes.com/2006/08/09/business/09banks.html

    ReplyDelete
  4. AnonymousJune 6, 2011 at 10:36 AM

    What a waste of space. Far too many banks in this neighborhood.

    - East Villager

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  5. SammyJune 6, 2011 at 10:43 AM

    If a bank replaces Broadway Liquors I'm grabbing pitchforks and torches and forming a mob.

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  6. AnonymousJune 6, 2011 at 3:37 PM

    I too just noticed this last night!!!!

    I'm so excited!!!!!

    This will be a godsend!!!!!

    I'm so excited!!!!!
    squeeeeel!!!!!!!!!!!

    ReplyDelete
  7. AnonymousJune 6, 2011 at 6:48 PM

    who else can afford these astronomical rents?

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  8. AnonymousJune 6, 2011 at 8:46 PM

    I don't have a problem with a new branch, but I wouldn't have minded if it was a little smaller. No need for it to take up that much space.

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  9. AnonymousJune 6, 2011 at 10:47 PM

    i feel bad saying this but it is a citibank. and the nearest other citibank is way down on avenue a. so i will save money on atm fees on this one.

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  10. AnonymousJune 7, 2011 at 1:05 PM

    Yeah, it's easy to rail against new bank branches until one appears in a spot that's convenient to you. For me this is way closer than either the ave a or stuy town citibanks.

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  11. twiloJune 8, 2011 at 1:26 PM

    The other day I had to walk HALF a block to find an ATM. Can you believe that shit?! This will hopefully provide another space for a homeless person to jerk off on.

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  12. chris flashJune 8, 2011 at 4:09 PM

    Kurt: On top of that, banksters can lend out TEN TIMES more money than they have on deposit, effectively multiplying the interest on their loans by a factor of TEN. They don't realize a mere five percent return on the loans they make -- it's more like FIFTY percent and they're using depositors; money to do it!!

    That's one way they can afford $30,000+ per month for prime locations throughout the city.

    Then there's Citibank's role as one of the three major stockholders of the Federal Reserve, the private bank owned and run by a consortium of bankers that "lends" money printed out of thin air to the US gov't at interest that the gov't pays by using the IRS to collect money from the public.

    ReplyDelete

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