Banks Step Up Competition

Chicago area banks are bringing in new bells and whistles to woo you back, everything from more automation to (bankers say) getting rid of or shrinking those teller lines.

In Chicago, as banks open up new branches at the fastest pace local bankers can recall, financial institutions are trying harder to be your bank for the future -- and move away from some of the more traditional and unpleasant banking experiences customers have all faced, like long lines and tellers who glare if you want them to count your large jar of pennies.

Sound familiar? I see the same thing happening in Greater Cleveland, especially in suburbs with fat wallets.

My question is: when does the shakeout take place? It will. Trust me.

More here.