Less IBCs at stores

Businessweek tells us IBC is shutting some of its doors where some of us find it most convenient to bank – at stores. Best of luck to all IBC employees who will be affected.

International Bancshares Corp. is closing 55 of its smaller branches located in grocery stores, the bank holding company said Thursday. It said it must cut costs because new federal rules that cap the debit card fees banks can charge retailers will hurt revenue.

The Laredo, Texas, company said the closings will eliminate about 500 jobs, but some of the affected employees will go to work in remaining branches of its International Bank of Commerce subsidiary. At the end of 2010, IBC had nearly 3,000 full-time employees.

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About Que Fregados

Que Fregados is a quirky look at little things that strike us funny in Laredo and the unique Latino culture. Suggestions and comments are welcome. You can also email to quefregados@gmail.com.
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2 Responses to Less IBCs at stores

  1. Wakeuplaredo says:

    Time to re-write Dodd-Frank.

  2. ___charlie chan foot fetish says:

    ___eliminating the IBC money stores at the HEB’s and WalMart’s will allow more oriental nail places to be open thereby beautifying our great city, or at lease our “foots” (err, feets)

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