Bank of America opens branches without employees

Bank of America Corp has opened three completely automated branches  over the past month, where customers can use ATMs and have video conferences with employees at other branches, according to spokeswoman Anne Pace.

Like many

white;"> US banks in recent years, Bank of America has been reducing its overall branch count to cut costs even as it opens new branches in select markets. New branches are typically smaller, employ more technology, and are aimed at selling mortgages, credit cards and auto loans rather than simple transactions such as cashing checks.