Nationwide Shutters Retail Banking Operation

Nationwide has made a strategic decision to shut down their retail banking operation; the firm said they are returning to their historical core business lines of insurance and retirement; “Retirement is their big focus; they’re getting back to that and figuring out how to support customers to become financially ready for that, and this is kind of who they’ve been in the past,” said Aite senior analyst Samantha Chow to TearSheet; Nationwide will transfer their retail banking accounts to another institution over the next several months. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.