BofA pulls ATM's from gas stations and shopping malls to cut costs
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CHARLOTTE -- Bank of America is pulling ATMS's from shopping malls and gas stations across the country. That's according to Bloomberg News.
They say the bank did not renew deals to place machines at Valero gas stations or malls owned by Simon Properties. The bank has to pay to rent space to put ATM's on those sites.
Bank of America has been working to cut costs as part of an effort known as "Project New BAC." Officials hope to slash a total of $8 billion by 2015.